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$406,307 High Net Income in Brisbane - ID 8553
Easy Duties with Great Upside Potential
Resort / Holiday management rights, Fortitude Valley QLD
- High net income of $406,307 in the heart of Fortitude Valley, one of Brisbane's most sought-after locations.
- Mixed rental building with a letting pool of 40 units (31 holiday and 9 permanent), plus 32 managed by outside agents or self-managed, offering significant income upside potential.
- Consistent year-round holiday bookings with a smooth operation in place and simple tasks. Minimal garden and green area maintenance required.
- All units are one-bedroom or studio apartments, ensuring stability in the holiday rental roll.
- Body corporate salary of $125,962 plus GST, with annual CPI increases.
- Long 25-year agreement with 23 years remaining.
- Renovated 1-bedroom, 1-bathroom managers apartment included.
- Professional office and ample storage spaces attached.
- Prime location in Brisbanes central area, with shops, transport, and amenities just steps away.
- Asking price is $2,538,000, including the managers unit.
If you're looking for a stable, high-income business in the heart of Brisbane, this opportunity is one you cant afford to miss. Enjoy the convenience of city living while earning over $400K in net income annually.
Net Profit: $406,307
Asking Price: $2,538,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: Easy Duties with Great Upside Potential
- Net Income: $ 406,307
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 470,000
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?