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Business-only brilliance in Brisbane. No office, just profit&growth
$430,000 - Business Only
Permanent Management Rights, KANGAROO POINT QLD
Presenting an exceptional opportunity for management rights in two prestigious Brisbane locations: Thornclyffe Residences in Kangaroo Point and Anthology in New Farm. These complexes offer a true business-only management rights model, meaning there are no office hours or physical office requirements, providing you with maximum flexibility.
The business boasts a nett profit of $92k and is offered at $430k with a favorable 4.7x multiplier. The purchase includes 22 years remaining on Accommodation Module and a full 10 years on Standard Module agreements. Thornclyffe has recently been topped up to full term and other complexes have exceptionally supportive committees which is reflected in the recent top up success.
Thornclyffe Residences, located in Kangaroo Point, is a striking eight-story complex that blends modern apartment living with the historical charm of the heritage-listed Thornclyffe House. Residents enjoy luxury living with beautifully landscaped outdoor areas, including a pool deck and podium terraces
Anthology, in the heart of New Farm, offers high-end boutique living with 26 residences. Completed in 2021, it features a rooftop lounge, infinity pool, and sweeping views of Brisbanes skyline and river. The building is renowned for its architectural finesse, designed to cater to downsizers and those seeking a peaceful, leafy environment while still being close to the city
There are small letting pools with enormous upside for those with strong property management skills.
Seize this unique opportunity to invest in Brisbanes flourishing management rights market. Contact us today to explore these exclusive offerings further!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $430,000 - Business Only
- Net Income: $ 91,548
(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