Proudly supported by all of the industry's leading brokers
Priced to Sell Yesterday: Highly Profitable Bayside Living Business
$729K MR&$950k Unit = Total $1.67M
Permanent Management Rights, WAKERLEY QLD
Massively Reduced Wakerley MLR Freshly Topped Up & Ready to Go!
Priced significantly below market expectations for a quick and decisive sale, this bayside management rights business represents a rare, golden opportunity in todays Management Rights market. After six successful years of building excellent goodwill, the current vendors are highly motivated to move on to accommodate their children's schooling needs. Their motivation is your absolute gain.
Step into a business with ultimate peace of mind. The agreements have just been successfully topped up with overwhelming and enthusiastic support from the Body Corporate committee, leaving a massive 23 years remaining on an Accommodation Module. This is a testament to the harmonious relationship currently in placeyou are walking into a truly supportive environment.
Situated in Wakerley, this 2007-built complex offers the ultimate Brisbane lifestyle. You are just minutes away from the sparkling waters of Moreton Bay, the vibrant Manly Harbour Village, and surrounded by lush parklands. It is also a highly sought-after catchment for elite local schools, ensuring rental demand remains consistently high year-round.
Managing this 57-unit complex is designed for true work-life balance. There are absolutely no set office hours, allowing you to manage your day on your terms. The facilities are low-maintenance, featuring a straightforward pool and BBQ area. For ultimate flexibility, there is even the ability to appoint a nominee and live offsite if you choose.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $729K MR&$950k Unit = Total $1.67M
- Net Income: $ 156,377
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
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?