Remarkable Business Opportunity!
$1372000
Permanent management rights, Newport QLD
1Agency presents an exceptional business opportunity with management rights to a distinguished waterfront property on the Redcliffe Peninsula, Queensland, comprising 113 luxury apartments and 11 townhouses, alongside 32 exclusive marina berths. Importantly, acquiring these management rights does not necessitate real estate ownership or residency at the site.
Highlights:
Annual net profit of $245,000.
25-year agreements for maintenance and leasing activities.
Located 30 minutes from Brisbane airport.
Proximity to Newport Marketplace, a $30 million retail center.
Features:
Two and three-bedroom apartments and townhouses by award-winning architects.
Premium interiors, large balconies, and resort-style amenities.
Personal marina berths for residents.
Access to parks, future retail precincts, restaurants, cafes, and shops.
Its success demonstrates strong demand for premium waterfront living in Queensland, making it a sought-after destination for residents and investors alike.
More Information
- Total Purchase Price: $1372000
- Net Income: $ 245,000
(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?