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Astor Terrace, Spring Hill

Business Only – Long Term Letting Business – No Real Estate – No Office Hours

Summary Points:

  • AAA Location on edge of CBD
  • Total Asking Price: $810,000
  • Occupation Authority Reception-Office & Store Rooms
  • This business has identifiable upside in rents and outside agent managements
  • Remuneration $77,164 + GST
  • Accommodation Module
  • Agreements to be topped up prior to settlement (at July/Aug AGM)
  • MYBOS software installed and actively utilised for R&M
  • Sellers negotiable on the R&M Income

Here are some of the more pertinent details…

Multiplier: 5.4
Letting Pool: 18 permanent lets
Complex Total: 52 + 1 Commercial Lot
Outside Agents: 10
Agreement Term: 25 Years
Remaining Term: 14 Years

Broker:

Call Greg Jorgensen on 0407 721 335 to discuss other current and upcoming opportunities.

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Permanent

Property Information

Complex TypeApartments
LocationBrisbane, QLD
Net $150,176
Price $810,000
Remuneration $77,164 + GST
Letting Pool 18 permanent lets
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