Proudly supported by all of the industry's leading brokers
Business Only - No Real Estate REquired - Woolloongabba - ID 9219
Easy Second Income
Permanent management rights, Woolloongabba QLD
Permanent Management Rights For Sale
The Easiest Income You'll Ever Find
An exceptional low-maintenance business opportunity in a prime inner-Brisbane location. Perfect for those seeking a stable second income with minimal time commitment and no property ownership required.
- No need to purchase real estate
- No requirement to live onsite
- No office or set office hours
- No facilities to maintain (no pool, no BBQ area)
- Minimal garden upkeep
- Extremely simple caretaking duties requiring only a few hours per week in spare time
- Body Corporate Salary: $25,725 + GST (CPI increases annually)
- Net Profit: $46,903
- Agreement Term: 25 years (15 years remaining)
- All permanent rentals, small letting pool of only 5 units
- Strong potential to grow income through letting expansion
- Convenient location close to Brisbane CBD
A rare, hassle-free business offering one of the simplest and most secure second income streams available.
Net Profit: $46,903
Asking Price: $258,000
More Information
- Total Purchase Price: Easy Second Income
- Net Income: $ 46,903
(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