MANAGEMENT RIGHTS Ref // MR005304
3.9x multiplier on a solid business!
41
13
8.5
2
2
Units
Letting
Years
Bed
Bath
Modern resort style living in a fantastic complex right on the city reach of the Brisbane River in Auchenflower. This property is easily managed and has strong and consistent letting targeted at young professionals and families. Featuring 41 units with 13 in the letting pool with strong upside potential. This complex offers a lavish and spacious office that would rival any on-site office in the country. An arsenal of caretaking equipment supplied by the body corporate gives any operator a walk up start in this riverfront complex. The current vendors have left this building in great condition and the clearly outlined duties are rewarded with a supportive body corporate and strong caretaking salary of over $1,700 a lot per year. With the added security of owning a manager’s unit, this two bedroom apartment, which has been fully renovated, provides a luxurious and comfortable residence within the scheme. This property has 8.5 years left on a standard module and the owners have already commenced the process to have the agreements topped up to full term.
›› Huge caretaking salary over $1,700 per lot
Manager’s Residence
›› Solid foundation to continue to grow into a long term business ›› Experienced or first time operators encouraged ›› High rents which have been unaffected by supply issues in other suburbs ›› Supportive Body Corporate with strong top up history
NETT PROFIT: $108,051
PRICE: $1,171,400
N athan E ades BROKER +61 448 339 920 nathaneades@resortbrokers.com.au 54
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A uchenflower