First time on the market in a decade! Rare premier riverfront business-only MR | Resort Brokers ID : MRB007973
$713,651
Permanent Management Rights, Brisbane QLD
ResortBrokers presents an exceptional opportunity to acquire riverfront permanent management rights in the heart of Brisbane's ever-evolving CBD. This rare business-only Management Rights opportunity offers unparalleled flexibility, with no requirement to reside onsite or purchase real estate, with the current manager having looked after this complex for the past 12 years and planning for a well-deserved retirement.
The business benefits from a P&L prepared by an industry specialist accountant and a strong Body Corporate salary $105,010, representing 75% of the total net income, underpinned by a long 9-year agreement term followed by multiple successful top-ups over the years.
The spacious onsite office is conveniently located on the ground floor for the manager's exclusive use. The complex boasts a range of facilities including a gym, indoor lap pool, sauna, steam room, wine cellar enhancing its appeal to residents and potential tenants. It represents an outstanding opportunity for an experienced operator to acquire a profitable stable business in a prime location.
- Business-only management rights in Brisbane's dynamic CBD.
No requirement to live onsite or purchase real estate
Solid Body Corporate Salary - 75% of total net income
P&L prepared by industry professional accountant
Long agreement terms followed by multiple successful top-ups - Standard Module
Premier riverfront residential complex with 42 apartments and 7 in the letting pool.
Convenient spacious office for manager's exclusive use
Suitable for experience operator as an add-on to their existing portfolio
Prime Brisbane CBD riverfront location - restaurants, shops, a range of prestigious private school and public school catchments
Property inspections are by appointment only
Date updated: 28 Apr 2024 23:00:04
More Information
- Total Purchase Price: $713,651
- Net Income: $ 153,480
(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?