Good location with attractive multiplier
$1,299,000 keen to consider any offer
Permanent management rights, Fortitude Valley QLD
- Positioned in the heart of James Street's high-energy entertainment and shopping hub, this contemporary complex boasts the ideal urban lifestyle.
- Its location features a close proximity to the Brisbane CBD and convenient public transport options within walking distance.
- Large open floor plan with 2 stories unit. Suit for the family who is looking for a large 3 bedroom unit in the centre of the CBD.
- Less than 10 minutes to the river and bus stop just in front of the building.
- Just walking distance to the Valley's cultural hotspots, local cafes, restaurants and retail.
- Low maintenance and manageable caretaking responsibilities and very minimal gardening work.
- Pet-friendly building. No vacancies in the past 12 months and high rental demand.
- This size of business is the perfect one-person operation for the starting management rights buyer.
- Large and comfortable manager units that suit families or early retirement people to combine the lifestyle of home and some small work to provide extra income.
- The seller has other plans and keen to sell.
- ALL reasonable offers will be considered.
For further information or to book an inspection, call exclusive agent, Celine today for further information or book your inspection.
More Information
- Total Purchase Price: $1,299,000 keen to consider any offer
- Net Income: $ 100,569
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 925,000
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?