Make an offer PRESITGE, LUXURY, ELEGANCE BY THE BRISBANE RIVER
$1,999,000
Permanent Management Rights, BULIMBA QLD
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 78792 or
More Information
- Total Purchase Price: $1,999,000
- Net Income: $ 265,494
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 580,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.3
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?