INVESTOR-LED BUSINESS ONLY MLR COMPLEX INNER-BRISBANE WITH 100% IN POOL | Resort Brokers ID : MRB007783
$1,012,805
Permanent Management Rights, Windsor QLD
ResortBrokers exclusively brings to market this upscale business-only management and letting rights opportunity in the highly desirable Brisbane suburb of Windsor. This business has brand-new agreements with 24 years remaining, providing a long tenure for this investor-orientated complex in one of Brisbanes prime rental corridors. With no requirement to live onsite and no set office hours to maintain, this opportunity is priced to sell quickly to the astute operator!
- 100% letting pool with investor based apartment stock
- Total units 49 plus 2x retail lots that contribute to levies
- Of the49 apartments there are five 2 bedroom units which have dual-living creating 54 in the pool
- 25 year caretaking and letting agreements - 24 years tenure remaining
- Solid BC salary of $76,500 per annum plus GST
- 5sqm Manager's office on ground level plus 3sqm cleaner's sink and store on level 1- No set office hours and no requirement to live on-site
- Attractive net profit over $171,662 p.a.
- Building completed in 2017
- All inspections by appointment only
Date updated: 21 Apr 2024 23:00:04
More Information
- Total Purchase Price: $1,012,805
- Net Income: $ 171,662
(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?