RIVERFRONT EXCLUSIVITY - PREMIUM MANAGEMENT RIGHTS AT NEW FARMâS #1 RESIDENCE | Resort Brokers ID : MRB007979
$2,293,158
Permanent Management Rights, New Farm QLD
Exclusively presented by ResortBrokers, we are delighted to provide an opportunity to acquire the Management Rights for this premier residential complex, featuring a noteworthy net profit of $440,992 and a substantial body corporate salary of $363,791, constituting 82.5% of the total net income.
With brand-new 10-year agreements recently secured and a history of successful top-ups, the robust relationship between the management and the bodies corporate underpins the stability and long-term value of this investment. The meticulously maintained gardens, of which a portion of the upkeep is paid for by the b/c reflective of the commitment to the complex and community, further accentuating the allure and value of this premier property.
In addition to the significant body corporate salary, the incoming manager benefits from an exclusive letting pool of 44 units out of 186. This opportunity promises a sustainable income (including significant sales opportunities) along with the flexibility of not having to live onsite, or own real estate. The functional office, supported by transparent accounting by industry specialists Archer Gowland, further enhances the appeal of this opportunity.
Cutters Landing presents a distinctive fusion of exclusivity, profitability, and convenience. Its prime riverfront location, strong relationships with the bodies corporate, and significant potential for income make it a rare and highly valuable opportunity within the management rights market.
- Substantial net profit of $440,992 with significant body corporate salary of $363,791
- Secure investment with brand new 10-year agreements and a positive relationship with the bodies corporate
- Flexibility with no requirement to reside onsite or own a lot
- High yield and exclusive letting pool offering strong commissions and significant growth potential
- Profit and loss realistically calculated by industry specialist accountant, Archer Gowland
- Beautifully manicured gardens, partially maintained by the bodies corporate
- Inclusive of a spacious, functional office for exclusive use
- Located in Brisbane's premier riverfront residential complex
- Inspections are by appointment only
Date updated: 26 Apr 2024 23:00:02
More Information
- Total Purchase Price: $2,293,158
- Net Income: $ 440,992
(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?