Proudly supported by all of the industry's leading brokers
Unlock Your Dream Lifestyleâ and a Price Too Good to Pass Up!
$810k MR&$870k Unit = Total $1.68M
Permanent Management Rights, COORPAROO QLD
Discover a prime management rights opportunity in an exciting suburb, Coorparoo, exclusively presented by Robert Collins from Ras360, a trusted leader in management rights sales across Queensland. The owner is committed elsewhere, presenting an outstanding chance to acquire a well-managed complex with substantial upside potential.
Key Features:
23.5 years remaining on the Accommodation Module, providing long-term security and stability.
Easily managed by one person with 15 rentals and approximately 20 hours of caretaking per week, or this can be outsourced for a more passive investment.
While on-site living is required, you can purchase a different apartment within the complex or rent out the manager's apartment for an appraised $920 per week.
The final three penthouses are currently under construction and will be completed by early 2025, adding an additional $5,000 per annum to the Body Corporate Salary.
Financial Highlights:
Business Price: $810,000 @ 4.5x multiplier
Unit Price: $870,000 (significantly below current valuation of $1,050,000)
Total Price: $1,680,000
No reasonable offer will be refused! This is an incredible opportunity to secure a highly sought-after management rights business at a below-market price.
Contact Robert Collins from Ras360 today to discuss this unique opportunity!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $810k MR&$870k Unit = Total $1.68M
- Net Income: $ 180,802
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 870,000
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?