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Unique Management Rights Opportunity in Fortitude Valley
$645k MR&$190k Office = Total $835k
Permanent Management Rights, FORTITUDE VALLEY QLD
A rare find in one of Brisbanes most desirable precincts.
This well-maintained complex offers a truly flexible management rights business with no requirement to live onsite, no office hours, and minimal workload. Perfect as an add-on (tack-on) business or an easy-to-manage standalone income stream .Pool managed by outside contractor paid for by BC
No managers unit to purchase just an office on title for $190,000, which provides your Body Corporate voting rights.
Prime location in the heart of the Fortitude Valley precinct walk to restaurants, shops, and transport.
Quality building with excellent presentation and strong appeal to tenants and owners.
A simple, affordable entry point into the management rights industry or the ideal bolt-on for an experienced operator looking to grow their portfolio without the overheads.
Enquire today to secure this low-maintenance, high-lifestyle opportunity.
More Information
- Total Purchase Price: $645k MR&$190k Office = Total $835k
- Net Income: $ 134,449
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 190,000
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?