LUCRATIVE EASY-CARE INNER CITY PERMANENT MLR | Resort Brokers ID : MR008187
$1,800,000
Permanent Management Rights, Kangaroo point QLD
Nestled in the highly desirable locale of Kangaroo Point, just a stroll from local amenities and a mere block from the tranquil Brisbane River, this exceptional mid-rise complex beckons with an exclusive opportunity to acquire low-maintenance permanent management rights.
Boasting minimal building facilities to overseea single BBQthis premium residence offers unparalleled ease of management.
Benefiting from a supportive body corporate, the existing agreement has been extended impressively to 24 years, providing a stable foundation for prospective managers. Notably, there is no requirement to live onsite and no set office hours. However, there is a dedicated onsite office space for the manager to use as required.
There is huge upside with the the manager's unit, which is presently leased to a long-term tenant, generating an additional annual income of $34,320, which is not factored into the overallnet profit.
This impeccably maintained and modern apartment complex presents a solid business opportunity suited for seasoned industry professionals seeking to expand their portfolio or a first-time buyer seeking a secure, low-maintenance business.
Astute operators would be wise to act swiftly onthis unparalleled, easy-care management rights proposition.
Contact Jessie Shi today to seize this exceptional opportunity!
- Long agreement terms remaining - successfully topped up to 24 years
- No requirement to live onsite
- Manager's unit generates $34,320 additional income per year whichis not included as part of income intheP&L
- No set office hours
- Easily manageable caretaking duties - only one BBQ
- Suitable for either first time buyer or experience operator as add-on totheir existing portfolio
- Highly desirable location for rentals
- Easy access to all local amenities
- Very supportive body corporate
- Inspections by appointment only
Date updated: 29 Apr 2024 23:00:03
More Information
- Total Purchase Price: $1,800,000
- Net Income: $ 203,389
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 635,000
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?