PROMINENT BUSINESS-ONLY IN TENERIFFE WITH $260K NET

ResortBrokers are delighted to present this premium quality, business-only management rights located in the vibrant inner-city suburb of Teneriffe.

Net profit of $260,406 been independently verified by industry management accountant
Very desirable high-rise building with Woolworths Metro tenancy on ground level
Built in 2019 it comprises 66 modern apartments
49 units in the letting pool
Large 14sqm storage area on ground level for operator use under OA
Solid BC salary of $111,453 - reviewed on CPI index
22 years remaining on Caretaking and Letting Agreements
No requirement for the manager to live on-site or own a unit in the building
Rooftop swimming pool, dining area and open lawns
Strong tenant demand and consistent low vacancy rates
All Inspections by appointment only

Submissions close on Thursday 6th October 2022

Listing Ref	MRB007386
Property Type	Management Rights
Sale Type	Management Rights - Business only
State	QLD
Region	Brisbane
Suburb	Teneriffe

Net Profit	$260,406
Price	$1,640,557

Interested? Why not give Tim Crooks a call on 0417 544 562 or tim@resortbrokers.com.au

Or... call Frank Matus on 0435 742 698 or frank@resortbrokers.com.au