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NO REAL ESTATE - BLUE CHIP RIVERFRONT
$1,400,000
Permanent Management Rights, TENERIFFE QLD
Set against the stunning canvas of the Brisbane River, this unique residential Management Rights captures Teneriffe's coveted waterfront lifestyle.
Business Highlights:
No Real Estate to purchase
Office on-site with Occupational Authority
Very manageable workload
High-calibre professional tenants, paying premium rents
Fantastic occupancy rates
Body Corporate Salary of $140,000 per annum, plus GST, increasing by CPI yearly
Sound Net Profit over $225,000 p.a.
Building Highlights:
Recently updated resort-style pool and riverside BBQ terrace
Beautiful, modern waterfront apartments
Direct riverwalk access
Secure car parking and ample visitor spaces
Lifestyle Highlights:
Stroll along Brisbane's Riverwalk, Gasworks Plaza, James Street, and all that Teneriffe has to offer!
Easy access to CityCat, bus routes and nearby bikeways
Less than 3km from Brisbane's CBD
Doorstep to New Farm State School, Holy Spirit, All Hallows & Brisbane's top privates
Enjoy Teneriffe's postcard lifestyle
No real estate to buy, Office on-site, No requirement to live on-site, Premium location. Act now!
More Information
- Total Purchase Price: $1,400,000
- Net Income: $ 225,761
(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