One and Two Bedroom Apartment Hybrid Hotel/Management and Letting Rights Near the Prestigious Wesley Mission Hospital
$1,100,000
Resort / Holiday management rights, Auchenflower QLD
EXCLUSIVE TO CRE BROKERS. Ideally positioned in Auchenflower with uninterrupted views over the Brisbane River to West End and Southbank precincts. Underpinning the letting business are outpatients needing proximal access to the Wesley and out of town relatives visiting hospital patients. This established letting business comes with a Caretaking Salary, reception office and all systems in place.
A solid stand-alone MLR or fully operational bolt-on to your existing Letting Rights portfolio.
TOTAL NUMBER OF UNITS: 36
UNITS IN LETTING POOL18
MANAGER'S RESIDENCE:1 bedroom, 1 bathroom plus spa occupation authority apartment
NET PROFIT: $330,756
OPTIONAL REAL ESTATE:
One Bedroom Apartment: All reasonable offers considered
Two Bedroom Apartment: All reasonable offers considered
BUSINESS PRICE: $1,100.000
More Information
- Total Purchase Price: $1,100,000
- Net Income: $ 330,756
(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: 3.3
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?