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Nearly New Townhouse! Business only! solid 92% remuneration income
$549,000
Permanent management rights, Boondall QLD
Located in Boondall, this management rights opportunity offers excellent accessibility, approximately 15 minutes to Brisbane CBD or Brisbane Airport. Only 300m walking distance to the train station or 5 minutes drive to Nudgee College.
The complex is a near-new townhouse development just over four years old, with an open layout, no gated entry, and only one facility being a swimming pool, making it straightforward to maintain. The business can be comfortably managed by one person.
There are approximately 21 years remaining on the agreements, with around 92% of income generated from fixed body corporate remuneration, increased by CPI. This provides a stable, low-risk income base, with additional upside potential through future letting growth or sales activity within the complex.
This opportunity is ideal for buyers seeking a low-intensity, long-term management rights business in a convenient and well-connected location. Opportunities of this quality are rarely available, and early enquiries are strongly encourage before it's gone. Contact exclusive agent today to get further information.
More Information
- Total Purchase Price: $549,000
- Net Income: $ 100,000
(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