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OTP MR Opportunity in desirable Seven Hills
$1.06M - Business Only
Permanent Management Rights, SEVEN HILLS QLD
Located in the highly sought-after inner-east suburb of Seven Hills, this management rights business offers a fantastic lifestyle with easy access to Brisbanes CBD, vibrant dining precincts, parks, and top-rated schools. This prime location ensures strong rental demand and long-term growth potential.
175 Units in total a mix of residential apartments and rental properties, including 25 Rentals currently under management, creating immediate income potential.
25-Year Agreement, providing long-term security and a stable foundation for growth in this expanding area.
$249,385 Annual Income A solid income stream with ample room for future growth as the property develops.
Price has been dropped to $1,060,000 to allow for an additional person
There is office hours from 9 to 5 Monday to Friday and 9 to 12 on Saturdays. The office can be unattended if the manager is busy.
This is three separate complexes with three separate Body Corps If some time in the future they can be sold separately
With exclusive use of an office and storeroom, providing a convenient, dedicated space for operations and ample storage for supplies. This business is Off the Plan, providing a unique opportunity to enter a growing development with excellent future potential as the project matures.
Why Seven Hills?
- Inner-city convenience Just 6km from Brisbanes CBD, making it highly attractive to tenants and investors.
- Surrounded by parklands Close to Seven Hills Bushland Reserve, offering scenic walking trails and green spaces.
- Excellent connectivity Easy access to major transport links, shopping precincts, and top-rated schools.
A rare opportunity to enter a growing development in one of Brisbanes most desirable inner-east suburbs.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $1.06M - Business Only
- Net Income: $ 249,384
(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