Permanent MR in South Brisbane!
$1.0773mil MR Bus + MU on Valuation
Permanent management rights, South Brisbane QLD
Asking for 1,077,300 on MR Business with Net Income $189,500
Manager Unit on the Latest Valuation this July by Bank Panel Industry Specialist Valuers
- Perfectly located in the prestigious heart of South Brisbane, close to all the necessary amenities, only a short walk to South Bank Park, Conference&Exhibition Centre, Museum, Gallery as well as all vibrant and distinctive award-winning dining, shopping, beauty, health&wellbeing precinct and an easy stroll to West End Commercial Street
- Very well run complex, all procedures documented
- Body Corporate very fantastic and supportive to work with
- A great manager remuneration $90,701 with annual adjustment of CPI
- Long 21 years left on the agreements
- Modern and fantastic loft manager unit - two bedrooms, one open study, two bathrooms, one carpark and a large outdoor entertaining balcony
- Separate spacious office on ground floor, no office hours
- Located within the Brisbane State High School and West End State School catchment area
This is the Goldilocks complex, not too huge, not small, Just Right!
Come and take a look we are sure you will be impressed!!
More Information
- Total Purchase Price: $1.0773mil MR Bus + MU on Valuation
- Net Income: $ 189,500
(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?