Desirable Southside Permanent MLR - No Requirement to reside&No office hours! | Resort Brokers ID : MR008194
$970,000
Permanent Management Rights, Kuraby QLD
ResortBrokers presents a remarkable opportunity to acquire a well-established management rights located in the desirable suburb of Kuraby. This complex is not only well-maintained but also offers a unique set-up with low-maintenance gardens and pool, making the workload manageable for a single operator.
One of the key highlights of this opportunity is the flexibility it offers. There is no requirement to live onsite, and no set office hours, allowing the incoming operator to enjoy the freedom and flexibility to suit their circumstances.
The manager's unit is currently rented out and is generating an additional $20,800 per year. This income is not included in the P&L, providing an additional revenue stream for the new owner. The manager's unit also includes a spacious office on title, accessible via a separate entrance, effectively separating work from home life.
This is a fantastic opportunity to acquire a profitable management rights business in a prime location, with long agreement terms, flexible working conditions, and strong income potential. To avoid missing out, we encourage interested parties to reach out with their inquiries promptly, as such a lucrative opportunity is expected to be quickly secured. Make sure you contact Jessie Shi today to book an inspection.
No requirement to live onsite
Attached office with No set office hours
Clean P&L prepared by industry professional accountant
Long agreement terms - 20 years
Modern permanent townhouse complex - no community gate
Strong and consistent letting pool
Very supportive and friendly body corporate
Located in highly sought-after soutside area with high rental demand
Suitable for either first time buyer or experience operator as add-on to their existing portfolio
Property inspections are strictly by appointment only
Date updated: 28 Apr 2024 23:00:07
More Information
- Total Purchase Price: $970,000
- Net Income: $ 109,935
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 460,000
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?