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$899,500 - Business Only

Permanent Management Rights, ALDERLEY QLD

An exceptional management rights opportunity is now available in Alderley, Brisbane. Locale Apartments in Alderley is a well-established complex consisting of 46 stylish one- and two-bedroom apartments across five levels, with two retail premises located on the ground floor. The business includes both on-site management of the complex and external property management, offering a diverse and reliable income stream.

The letting pool features 20 apartments within the complex, while two external properties located in Cannon Hill and Camira will remain under management. There is also potential to include two additional external properties, which could further enhance the income. The business currently generates an annual net income of $163,559, which includes $157,745 from the Locale Apartments complex and $5,814 from external properties. The property has been price with this blended profit in consideration.

The Caretaking and Letting Agreements, established in October 2016, have been extended to 2046, ensuring stability and long-term value. The body corporate salary increases by 5% annually, providing predictable growth in revenue. Duties for the caretaker are straightforward, including cleaning, general building management, and maintaining the small garden areas, which require minimal attention per month.

With its established income, minimal workload, and long-term agreements in place, Locale Apartments presents a fantastic opportunity for an experienced operator or someone new to the management rights industry. Contact Ras360 today to learn more about this outstanding business opportunity.

**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**