Greg Jorgensen

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Susan Jorgensen

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


Services for sale



Business Details

Business For Sale - Teneriffe - Riverside Precinct - Walk to the City - ID 8710 BL

A Low Demands Business No Office Hours You + A Cleaner or Two Person Team

- Brisbane permanent management rights business for sale
- Verified net profit of $206,210 by well know and respected industry accountant
- Complex is currently run by one person and a common area cleaner
- Great Body Corporate salary $133,023
- Very manageable and stable letting pool with 26 units under management
- Total of 78 residential units + 12 Macquarie Street level shops
- Varied letting pool made up of various bedroom configurations
- Low Body Corporate levies and council rates
- Great sinking fund balance at $500,000
- Accommodation module agreements expiring 2035
- Manager's unit being sold at valuation as prepared by Australian Valuers
- Large two bedroom + study/third bedroom, two bathroom managers apartment on an upper floor with balcony

This complex is easy to run by either a single person plus a cleaner or a breeze for a two person team. A quiet building with two lifts, secure car parking, heated pool, lounge/deck area and BBQ. No requirement to live onsite. Can rent the managers unit out to a tenant.

Teneriffe is an inner suburb of the City of Brisbane, Queensland, Australia. It is located 2.5 kilometres north-east of the CBD, and borders Bowen Hills, Fortitude Valley, New Farm, and Newstead.

Net Profit: $206,210
Asking Price: $1,881,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Brisbane management rights business for sale contact the Listing Brokers Greg and Susan Jorgensen

Summary »

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

Susan Jorgensen
Phone: 1300 928 556
Mobile: 0409 614 478

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