Beenleigh, QLD 4207

Region: QLD - Gold Coast

Sale Type: Management Rights - Permanent

For Sale

$470,000

Under Offer

Profit: $93,530

BUSINESS ONLY MANAGEMENT RIGHTS FOR SALE IN BEENLEIGH

We are pleased to offer this business only Management Rights property located in Beenleigh in Queensland.

There is no requirement to either purchase an apartment or reside onsite, and there are no hours in the agreements.

However, there are a choice of apartments if the incoming Manager wanted to buy or rent on the premises.

The property is approximately 7 years old and the Developer is now selling the Management Rights for the first time.

The property comprises a total of 41 units over a range of 1, 2, and 3 bedroom types.

There are 31 in the rental pool and of those, 17 are NRAS.

The NRAS agreements will expire in 3 years and at that time the incoming manager will be able to increase the income by bringing the rents on these back up to the market rate.

There is a very easy workload and the complex could easily be managed by a single person.

Details

  • Listing ID: R2-1861325
  • Property Type: Management Rights
  • Sale Type: Permanent
  • Region: QLD - Gold Coast
  • Suburb: Beenleigh, QLD 4207

Make an Enquiry

Whether buying or selling, fill out the form below to get in touch with one of our accommodation business brokers.