LUCRATIVE INNER CITY BUSINESS-ONLY MANAGEMENT RIGHTS! | Resort Brokers ID : MRB007915
$1,216,500
Permanent Management Rights, West End QLD
Exclusively presenting an exceptional investment opportunity within the sought-after Inner City areas of Westend and Kangaroo Point, ResortBroker is thrilled to introduce a unique proposition: the acquisition of three Business-Only Management Rights ventures requiring minimal upkeep (no pool to maintain).
Notably, these businesses do not necessitate an on-site residence or fixed office hours. Remarkably, there is no real estate purchase required, ensuring a resilient return on investment surpassing 17%. This profitability is fortified by a substantial Body Corporate salary that sees a yearly escalation of 3% or in accordance with CPI whichever is greater, rendering this opportunity an indisputable contender for consideration.
The business is based on a 25-year Caretaking and Letting Agreement with 22 to 23+ years remaining on the agreements following the successful top ups which show a very healthy and supportive body corporate committee relationship.
To glean further insights or explore this remarkable Management Rights opportunity, we encourage you to contact us without delay.
- No requirement to purchase real estate or reside onsite
- No set office hours
- Long term agreements
- Strong Body Corporate salary - 3% or CPI whichever is greater
- 17% return on investment
- Easy manageable caretaking duties
- Highly desirable location for rentals
- Prime location - easy access to all local amenities
Date updated: 01 May 2024 01:00:03
More Information
- Total Purchase Price: $1,216,500
- Net Income: $ 209,131
(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?