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Brisbane East - Business Only - ID 9223
Earn Reliable Income
Permanent management rights, Greater Brisbane Region
Permanent Management Rights For Sale
Earn Reliable Income in Your Spare Time
An outstanding low-maintenance business opportunity across two well-located complexes in Brisbanes sought-after eastern suburbs. With no requirement to purchase real estate or live onsite, this is the ideal set-and-forget second income.
- No requirement to live onsite
- No need to purchase real estate
- No office or fixed working hours
- No facilities to maintain (no pool, no BBQ area)
- Minimal garden maintenance
- Caretaking duties are extremely simple, requiring only minimal hours per week and easily handled by one person
- Body Corporate Salary: $44,208 + GST (with annual CPI increases)
- Net Profit: $63,101
- Two nearby complexes, easily managed as one portfolio
- Located in convenient Brisbane eastern suburbs
- 25 years agreement with 13 and 16 years remaining
- All permanent rentals, small letting pool of only 5 units
- Strong potential for income growth through letting expansion
A rare, easy-to-manage dual-complex opportunity delivering stable returns with minimal effortperfect as a second income. Not to be missed!
Net Profit: $63,101
Asking Price: $346,000
More Information
- Total Purchase Price: Earn Reliable Income
- Net Income: $ 63,101
(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