WATERFRONT HIGH-RISE - PROFIT $350K
$2,960,000
Permanent Management Rights, HAMILTON QLD
This stunning, absolute riverfront location, features Brisbane city views. Offering an excellent array of services at your doorstep. Located just north of Brisbane's CBD in a vibrant up-market precinct offering excellent lifestyle options.
A handsome salary of $215,000 and over 20 years remaining on Management Rights agreements, provides a rock-solid financial platform. A healthy letting pool, driven by a tight rental market and top-quality apartments, also contributes to this incredibly attractive residential accommodation business offering.
The perfect location to ensure a great lifestyle. 5 minutes from Eagle Farm Racecourse. Anglican Church Grammar School and Brisbane airport conveniently around ten minutes away. 15 minutes to Brisbane's CBD. An abundance of cafes, restaurants and entertainment on your doorstep.
A modern two-bedroom, two-bathroom manager's apartment is the icing on the cake with this very profitable business now on the market.
Contact me now and avoid disappointment!
More Information
- Total Purchase Price: $2,960,000
- Net Income: $ 349,957
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 830,000
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?