INCREDIBLY COMPETITIVE MULTIPLIER - INNER CITY PURE BUSINESS-ONLY MR OPPORTUNITY | Resort Brokers ID : MRB007899
$669,249
Permanent Management Rights, ALBION QLD
ResortBrokers exclusively brings to the market an exceptional Business-Only opportunity - A permanent management rights business consisting of a beautifully designed, high-quality apartment complex with 94 premium apartments, located in the prime inner-city area of Albion, only minutes away from Brisbane CBD.
A major drawcard for the business is that there are no set office hours and no requirement to reside onsite. The office is conveniently located on the ground floor for the manager to conduct their business, with the incoming operator enjoying flexibility in the agreements to operate this business as they choose going forward.
This business offers more than 23% return on investment with no real estate to purchase and is backed by a solid Body Corporate salary with room to grow. Whilst also benefiting from a very competitive multiplier, this fantastic business opportunity will suit savvy management rights operators who have extensive experience working with body corporate committees.
- Solid Body Corporate salary of $137,848
- B/C salary representing 86% of total annual income
- Robust 23% return on investment
- No requirement to purchase real estate or reside onsite
- No set office hours
- Prime inner-city location with river views
- Easy manageable caretaking duties
- Highly desirable location for rentals
- Property inspections are by appointment only
Date updated: 01 May 2024 01:00:03
More Information
- Total Purchase Price: $669,249
- Net Income: $ 159,345
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?