, BOWEN HILLS 4006
$3,088,000
[This property is Under Offer]
Greg Jorgensen

View phone number

MR Sales
Suite 1 Equinox Sun Resort, 3458 Main Beach Parade,
Surfers Paradise, QLD 4217

BOWEN HILLS 4006

Services for sale

BOWEN HILLS QLD 4006

$3,088,000

Business Details

Business For Sale - Royal Returns at Bowen Hills - 80% in Letting Pool - ID 8703 BL

GREAT MIXED BUSINESS MAJORITY PERMANENT + SHORT TERM

- Accommodation Module with 20 years remaining on agreements
- 130 total units and 105 in the letting pool
- Mix of studios, 1, 2 and 3 bedroom apartments in the pool
- $140,000 annual salary
- Managers unit positioned away from the office on an upper floor of 2 bed and 2 bath
- Manager has two car spaces + 3 storage rooms
- Office held under Occupation Authority (Exclusive Use)
- Manager has Signage Rights
- Demand drivers include: Royal Womens and Royal Brisbane Hospitals; New Sullivan Nicolaides Headquarters; Royal National Association Showgrounds

This is a hard to beat location with three primary business drivers withing walking distance. This fully established business has been operating for 5 years, easy to maintain and with a strong tenancy demand.

Net Profit: $431,794
Asking Price: $3,088,000
(Inclusive of manager's real estate)

For further information on this Brisbane management rights business opportunity for sale contact:

Listing Broker
Greg Jorgensen

Summary »

  • Business Category: Services
  • Business Sub Category: Management Rights
  • Floor Area: 1 sqm
 1 of 1 photos 

Enquire

MR Sales
Suite 1 Equinox Sun Resort, 3458 Main Beach Parade,
Surfers Paradise, QLD 4217

Phone: 07 5555 8200
Fax: 07 5570 4693

Greg Jorgensen
Phone: 1300 928 556
Mobile: 0407 721 335

Enquire about this business:

I would like to:

Tools