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Two High Net Northside Complexes sold together
$2.7M MR&$970k Unit = Total $3.67M
Permanent Management Rights, NUDGEE QLD
A rare opportunity presents itself with the sale of two adjoining townhouse complexes on Brisbanes Northside, offered together as one package. This well-structured business is underpinned by a Profit & Loss prepared by Holmans, giving buyers confidence in its strong financial performance.
Both complexes benefit from long-term security, with 25-year agreements recently topped up to a full term of 21.5 and 24.5 years remaining. The Body Corporate is very supportive and friendly, ensuring smooth day-to-day operations and peace of mind for the incoming manager.
The offering includes a spacious managers townhouse residence, providing excellent lifestyle flexibility. Buyers have the option to live onsite and enjoy the community atmosphere or rent the unit out as an investment. The office is adjoining yet entirely physically separate to the residence, offering privacy and functionality.
Operationally, the complexes are highly efficient and can be run by one person if required, making them ideal for both first-time managers and experienced operators seeking a manageable yet rewarding business. The properties have also been independently valued by realestate.com.au, adding further weight to their market appeal.
This is a standout chance to acquire two established complexes in a sought-after Northside location, with strong agreements, excellent financials, and lifestyle versatility.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $2.7M MR&$970k Unit = Total $3.67M
- Net Income: $ 453,156
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 970,000
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?