Easy-Care Inner North Brisbane Business-Onlyâ Low Maintenance&Solid ROI | Resort Brokers ID : MRB008546

$544,632

Permanent Management Rights, KEDRON QLD

Located in the prime inner-north suburb of Kedron, this caretaker-friendly management rights boasts a healthy net profit of $98k+. With 22 years remaining on accommodation module agreements, this business boasts significant growth opportunity.

An idealbusiness only with no obligation to live onsite or purchase real estate, this opportunity is perfect for those looking to expand their portfolio or kick off their management rights journey. Whilst there is a sizeable office onsite to help you conduct your business, there are no office hours tomaintain and the overall caretaking duties are extremely manageable, currently done by a sole operator with another business! This opportunity offers operational flexibility and solid financial returns, allowing the operator to focus on growth and profitability with minimal overheads.

The business is well-connected both to the CBD (7kms) and Brisbanes north with excellent access to major transport tunnels, International and Domestic Airports. Numerous public transport services and public facilities within walking distance help keeping the rental demand strong, which is a key growth opportunity for this business specifically.

Dont miss this lucrative business-only management rights opportunity with a strong financials and fundamentals, with minimal caretaking duties in a prime inner-north location.

Contact Jeff today to schedule a viewing.

- Permanent Business only - Net profit $98k+
- No office hours or real estate to purchase
- 22 years remaining on agreements (topped up)
- Great size office - exclusive use
- Strong opportunity for growth in letting pool
- Solid BC salary exceeding $62k with 3% CPI or higher annual increases
- Easy caretaking duties - no poolor barbecue and minimal gardens
- Prime location - 7km from CBD with easytunnel access and park proximity
- Inspections by appointment only
Date updated: 04 Feb 2025 22:00:02

More Information

Financial Overview

Total Purchase Price: $544,632
Net Income: $ 98,132 (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.}

Letting Business

Letting Pool: 17
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 16
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 12
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 45
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 62,812
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No hours
_{Required Office Hours}

Complex Features: No pool or facilities Capitol BCM Electrical room storage area - approximately 20sqm Bins 11 plastic no Shute Council access bins - no manager involvement 2 general and one yellow Tuesday and Friday general Friday recycle