Proudly supported by all of the industry's leading brokers
$1M NET INCOME - SALARY $700K
$6,968,000
Permanent Management Rights, HAMILTON QLD
Property Bridge is proud to offer this outstanding Brisbane Management Rights business package.
With an unbeatable location, this business is comprised of several modern residential riverside apartment buildings, all in remarkably close proximity to each other. This allows for the seamless coordination of operations and management teams.
Combined net profit of over $1M includes a healthy Body Corporate renumeration components of $700K p.a. This represents a solid income base given approximately 70% of revenue is derived from strata salaries. Caretaking duties are straight forward, and overall common area amenities are modest.
There is also the opportunity to secure a significant number of apartments, currently managed by external agents, and thus handsomely improve the businesses bottom line.
Presently the Manager's 2-bedroom, 2-bathroom apartment is leased out at $39,000 p.a. This represents the only real estate component of the business package as office and storage are provided via Occupation Authority.
As would be expected from such as a high-demand prestigious rental location, quality tenant selection is never an issue.
With landmark retail and hospitality experiences, Hamilton has been truly solidified as a forward-thinking retail and lifestyle destination. You will find an array of trendy restaurants, lively bars, boutique fashion shops, and cinema at your doorstep. Bretts Wharf City Cat terminal is a stone's throw away and you will be spoilt with the selection of prestigious private schools. Just 6 kilometres from Brisbane's CBD, and easy access to the airport.
High calibre business operations such as this one are in demand. Contact Bobo Qi now for a further information.
More Information
- Total Purchase Price: $6,968,000
- Net Income: $ 1,028,419
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
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?