Prestigious Off The Plan Caretaking Only Complex in Bulimba | Resort Brokers ID : OTP008070
$187,023
Permanent Management Rights, Bulimba QLD
Developed by Graya, Canvas Bulimba is a contemporary residential building, designed for owner occupiers and offering 21 stunning apartments across three levels. Almost completed, this is a superb opportunity to invest into this premium neighbourhood and enjoy a solid income with manageable duties.
- Body Corporate salary over $50,000 p.a. with annual renewal
- Brand new 10 year standard module agreement
- 100% owner occupied and due for completion in Jan 2024
- Located on Love Street, Bulimba moments to Oxford Street
- 21 boutique apartments luxuriously finished to the highest standard
- Impressive communal terrace with pool, heated spa, sauna& lounging area
- Outdoor kitchen and bbq facilities with landscaped garden surrounds
- Superb add-on for existing operator with manageable duties
- All inspections by appointment only
Date updated: 21 Jul 2024 23:00:04
More Information
- Total Purchase Price: $187,023
- Net Income: $ 50,547
(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