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INNER-CITY WATERFRONT - NETS $330K
$2,697,000
Permanent Management Rights, WEST END QLD
Featuring a vibrant inner-city lifestyle this modern residential Brisbane Management Rights apartment building scream's location, location, location!
Residents enjoy a rooftop oasis, boasting pool and BBQ areas, whilst relishing sweeping vistas encompassing the city skyline, Brisbane River, and majestic Mount Coot-tha. And within the Brisbane State High School catchment area.
Importantly the business itself, impresses as equal to the building and stunning location. A healthy Body Corporate Salary of $192,000 is incorporated into a total net income of $331,000. The onsite letting pool is made up of one- and two-bedroom apartments, with significant scope to improve on the 32 lets currently under management.
The onsite manager's apartment is also an attractive proposition, featuring 2 bedrooms, 2 bathrooms and 1 car space.
Moments from Brisbane's iconic riverfront, with scenic running and bike tracks, lush parklands, and renowned farmer's markets. Enjoy unparalleled convenience to Montague Markets, Harris Farm Markets, and an array of cafes, restaurants, boutiques, and entertainment venues within walking distance. CityCat, train stations, the Pacific Motorway, hospitals, and a short 2km commute to the CBD ensures all amenities are easily accessible.
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More Information
- Total Purchase Price: $2,697,000
- Net Income: $ 331,500
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 840,000
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?