SOLD & SETTLED
- 77 lot townhouse complex
- 68 townhouses in the fully established and fully leased letting pool
- All units are three bedrooms with two bathrooms. Tented at an average of $340 per week
- Achieved rents are exactly what www.realestate.com.au research shows for the suburb
- Common areas are mainly grassed, so easily maintained. Estimated 1 to 1.5 days per week to maintain
- Small pool and gymnasium
- The complex was opened in June 2016
- Accommodation Module agreements with 24 years to run
- The possibility of additional income from rear courtyard maintenance exists
- This will suit another local management rights operator or just a single person or a couple seeking something simple
It is not often that a management rights business comes along with no real estate to buy. It is even rarer when it’s very new and fully tenanted.
It only gets better with a 3.99 multiplier against the $142,824 Accountant advised net profit.
For further information or to arrange an inspection of this Brisbane management rights business contact:
0407 721 335