KANGAROO POINT'S PREMIER RIVERSIDE COMPLEX - $490K NET | Resort Brokers ID : MR008115
$3,725,000
Permanent Management Rights, Kangaroo Point QLD
On offer exclusively by ResortBrokers is Yungaba, a large-scale management and letting rights business located in a stunning riverfront spot of Kangaroo Point. Offering the perfect balance of a fully established business that generates a large income, coupled with an idyllic lifestyle close to amenities, entertainment and employment nodes. Yungaba is an impressive and well-run multi-complex business that will suit an experienced operator.
- Beautifully maintained mid-rise apartment complex with 167 units
- Brisbane river frontage in Kangaroo Point
- Long tenure remaining on Agreements
- 55 units in the on-site letting pool
- Office and storage areas provided under OA
- Growth potential through converting outside agents back into pool
- No set hours but currently operating Mon-Fri 8.30am-4.30pm
- Manager is required to live on-site
- Spacious 2 bedroom / 2 bathroom manager's unit - $850K
- Property can be run by a two-person full time team with contractors for gardens& cleaning
- Enquire today with Alex or Jessie to find out more details
Date updated: 12 May 2024 23:00:06
More Information
- Total Purchase Price: $3,725,000
- Net Income: $ 489,492
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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?