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[Near QA High School, UQ, CBD] 22-Year Management Rights for Sale |Business Multiplier: 5.2
$1,750,000
Resort / Holiday management rights, Auchenflower QLD
Business Highlights
Prime Location This management rights business is situated in a golden location with abundant educational resources nearby:
-Only 4.3 km from Queensland Academy for Science, Mathematics and Technology (QASMT), the top-ranked high school in Queensland
-Only 3.5 km from the University of Queensland (UQ), ranked in the worlds top 50 universities
-Just 3.1 km from Brisbane CBD, 1.8 km from Suncorp Stadium, and only 400 m from Wesley Hospital
Updated Agreements & Stable Management
-Agreement top-up successfully completed last year, with 22 years remaining on the management term
-Healthy and stable community environment with easy management
-No fixed office hours required
-Body Corporate provides a dedicated, comfortable office space free of charge, including: lobby office, reception room, restroom, and storage room
Strong Net Profit & High Short-Term Rental Potential
-Post-tax annual salary income of approx. $90,000, indexed annually to CPI
-Currently managing 5 holiday and 2 long-term rental units, generating approx. $110,000 in annual income
-Approximate annual net profit: $202,000
-Only provider of short-term rentals in the area, offering significant growth potential
Well-Appointed Managers Residence
-2 bedrooms, 2 bathrooms, 1 car space, dual balconies, 135 sqm
-Priced at $700,000 and currently tenanted (rental income not included in business net profit)
-Deed of Variation to the Caretaking and Letting Agreement allows the manager to reside in any unit within the building
Low-Maintenance Complex
-Body Corporate has strong financials, with a Sinking Fund balance of $310,000
-Pool maintenance handled by a professional pool shop contracted by Body Corporate
-Most landscaping managed by Body Corporates hired gardener
-Friendly and cooperative committee
Pricing & Returns
-Business price: $1,050,000 (business multiplier only 5.2x)
-Managers residence: $700,000
-Total package price: $1,750,000
More Information
- Total Purchase Price: $1,750,000
- Net Income: $ 202,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?