Pavilion Apartments
$1,999,000
  • Pavilion Apartments
Make an offer PRESITGE, LUXURY, ELEGANCE BY THE BRISBANE RIVER

Unlock the potential of this prime Management Rights business nestled in the heart of Bulimba, Queensland. The current owners, heavily committed elsewhere, present a golden opportunity for an astute investor. This HOT HOT property – a must-see complex that combines convenience, luxury, and exceptional value for money.

Key Features:

Strategic Location: Situated in the unique river-side locality of Bulimba, this complex is just a stone's throw away from the city. Experience the best of both worlds – close proximity to urban amenities while immersed in the beauty of this riverside gem.

Investment Potential: Boasting immense potential, this easily run complex is not only a sound investment but also offers a superb lifestyle. The large one-bedroom plus study apartment, recently renovated, provides comfortable living for the new Manager.

Long-Term Agreement: The current management agreement has an impressive 21 years remaining, providing stability and security for the new owner.

Flexibility in Accommodation: Explore the option to rent a larger apartment if desired. The manager's residence can be leased, allowing you to choose between a 2 or 3-bedroom unit. Flexibility is key, and the difference in cost is negligible.

Financial Snapshot:

Income: $265,494
Unit Value: $580,000
Business Value: $1,419,000
Total: $1,999,000
This complex has been reduced by nearly $150,000 as the managers are totally committed else where. Please understand there will be no further reductions. Please come back to me with asking price.
You have to live on site but you can rent out the managers apartment and rent out a 2 or 3 bed apartment for nearly the same amount.
Please contact Robert Collins Exclusive Agent on 0404678792 or [email protected]


BUSINESS SNAPSHOT

Financials

Body Corporate Salary: 156252.96

Management Unit

Management Unit Price: 580000

Complex Overview

Complex Type / Module: Permanent

Total Units Inside Letting Pool: 33

Total Units in Complex: 93

Holiday Units: 0

Outside Agent: 4

Owner Occupied: 54

Agreement Term: 25 Years

Years to Run: 21Years

Robert Collins
Robert Collins


CONFIDENTIALITY AGREEMENT GOVERNING ALL BUSINESSES LISTED WITH RAAS MANAGEMENT RIGHTS

In consideration of RAAS (being any or all of RAAS Property Group Pty Ltd and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by RAAS, We/I hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by RAAS;
  3. Not to make an approach to the Vendor of any business disclosed to me by RAAS, or the business’ staff, customers or suppliers without prior arrangement with RAAS and to refer all queries through RAAS;
  4. We acknowledge that RAAS is the introducing broker, and that all offers and deposits for the business, shares or property will be conducted through that office.
  5. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to RAAS Property Group as the case may be;
  6. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify RAAS against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
  7. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  8. If I decide not to proceed with the investment, I agree to immediately return to RAAS all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  9. the relevant Act for the State or Territory including but not limited to (Electronic Transactions Act 2000 No 8 (NSW), Electronic Transactions (Victoria) Act 2000, Electronic Transactions (Qld) Act 2001, Electronic Transactions Act 2011 (WA), Electronic Communications Act 2000 (SA), Electronic Transactions (Northern Territory) Act 2000, Electronic Transactions Act 2000 (Tas), Electronic Transactions Act 2001 (ACT)

By checking this box, you are agreeing to abide by the terms of our Confidentiality Agreement.