Boutique Business Only Management Rights w/ $88k netâ New Farm | Resort Brokers ID : MR008079
$475,000
Permanent Management Rights, New Farm QLD
Explore the rare chance to acquire the business-only management rights to Duo at New Farm, a modern apartment complex in the vibrant riverside suburb of New Farm.
ResortBrokers presents an outstanding and affordable opportunity moments from Brisbane CBD, Duo at New Farm consists of 42 units with 8 in the letting pool, a solid net profit of $88,250 net profit and minimal duties across the apartments with no pool, gym or bbq area.
This is an ideal"add-on"for astute operators, so act fast to enjoy true flexibility with no set office hours nor any requirement to own real estate or live onsite.
Don't miss out on this centrally located management rights opportunity!
- Boutique Business Only Management Rights
- 42 Apartments with 8 in the letting pool
- Minimal duties - no pool, gym or bbq area
- No office hours stipulated
- No requirement to live onsite or own a unit
- Brand new 24 year agreements (Drafted in 2022)
- Prime location in New Farm
- Inspection by appointment only
Date updated: 21 Apr 2024 23:00:07
More Information
- Total Purchase Price: $475,000
- Net Income: $ 88,250
(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?