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BUSINESS-ONLY MR OPPORTUNITY IN INNER-CITY FRINGE OF BRISBANE, COORPAROO | Resort Brokers ID : MRB008645
$465,552
Permanent Management Rights, Coorparoo QLD
Presenting to market a rare opportunity to purchase an excellent business-only Management Rights operation under accommodation module agreements. Located in the highly sought-after area of Coorparoo, this business offers a strong return on investment, backed by a solid Body Corporate salary that represents 66% of the total net profit. With no requirement to live onsite, no set office hours, no real estate to purchase, and minimal caretaking duties, this is an opportunity not to be missed.
This well-maintained, modern, permanent apartment building offers a solid business, suitable for a first-time buyer looking to secure a stable, low-maintenance business or an experienced operator who wants to expand their portfolio.
Please contact us today with your enquiries as these types of Management Rights businesses are in high demand and will not last long before being sold.
Call Jeff or Jessie today to arrange an inspection!
- No requirement to purchase real estate or reside onsite
- No set office hours
- Strong body corporate salary - 66% of total income
- Highly desirbale inner-city fringe location
- High tenant demand with proximity to major hospitals, schools and universities
- Easy and manageable caretaking duties
- Solid return on investment
- Long tenure accommodation module agreements - 21 years remaining
- Easy access to all local amentities, schools& well served by public transport with easy acces to Brisbane CBD, surrounding suburbs, and major hubs and transport links
- Property inspections by appointment only
Date updated: 01 Jul 2025 01:00:06
More Information
- Total Purchase Price: $465,552
- Net Income: $ 83,427
(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