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Business-Only Management rights with NO Common Facilities! $356k net profit! | Resort Brokers ID : MRB008638
$2,122,365
Permanent Management Rights, Lutwyche QLD
ResortBrokers presents an excellent business opportunity in the suburb of Wooloowin, in Brisbanes vibrant inner north - just four minutes drive from Brisbane City. This management rights business encompasses three modern apartment buildings within less than 5 minutes walking distance, or one minute drive! With minimal caretaking requirements this opportunity represents an attractive proposition for any experienced MLR operator seeking a low-maintenance business with lucrative returns.
The MLR portfolio has a genuine business-only structure, which is designed to be extremely manager-friendly. For example, the manager is not required to live on-site nor adhere to any set office hours or purchase real estate, allowing the incoming operator the freedom and flexibility to structure the operations of the business to suit their circumstances over time.
The business is underpinned by strong 21-year agreements supported by multiple successful top ups during the tenure of the current manager, ensuring long-term security and stability. There are NO common facilities to maintain in any of the three buildings, further reducing maintenance responsibilities, allowing the operator to focus on building relationships and maximising the letting pool.
Call us today to book an inspection!- Significant NOP $356,705 including body corporate salary $177,902
- No real estate to purchase and no requirement to live onsite
- No set office hours
- No common facilities to maintain
- Long agreement terms - 21 years across all buildings
- High return on investment and stability
- Highlydesirable city fringe location with excellent rental demand
- Inspections by appointment only
Date updated: 04 May 2025 23:00:03
More Information
- Total Purchase Price: $2,122,365
- Net Income: $ 356,705
(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