Proudly supported by all of the industry's leading brokers
No Office Hours, High Returns, Low Maintenanceâ Business-Only MLR in Prime Chermside
$948k Business Only - No Office Hours!!
Permanent Management Rights, CHERMSIDE QLD
High Returns, High Returns, Low Maintenance Business-Only MLR in Prime Chermside
This is your chance to secure a high-performing, business-only management rights in one of Chermsides best-located apartment complexes. With no requirement to live onsite, no office hours, and 21 years remaining on accommodation module agreements, this opportunity delivers both flexibility and solid returns.
Body Corporate Salary: $69,672.36
Net Operating Profit: $165,297
Business Price: $948,800 (5.7x multiplier) ROI: 17.4%
Agreement Term Remaining: 21 years (Accommodation Module)
Annual 3% Increase
Operational Simplicity & Location Appeal
Set high on one of Chermsides most elevated streets, the complex enjoys strong and consistent rental demand thanks to its proximity to Westfield Chermside, The Prince Charles and St Vincents Hospitals, and excellent public transport. With virtually no common areas, no pool, and minimal gardens, caretaking duties are exceptionally low-maintenance and easy to manage. The business is ideal for operators seeking a streamlined, flexible model without residential requirements or set office hours.
Whether you're looking to expand your existing portfolio or step into the management rights industry with a strong first acquisition, this one ticks all the right boxes.
Enquire today quality, business-only opportunities in premium Brisbane locations are tightly held and highly sought after.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $948k Business Only - No Office Hours!!
- Net Income: $ 165,297
(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