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Prime CBD Fringe Business-Only MR Great Returns, Strong Net&Modern Facilities | Resort Brokers ID : MRB008648
$1,355,609
Permanent Management Rights, Kelvin Grove QLD
ResortBrokers is delighted to present to market a strong performing permanent management rights business in CBD fringe, just a short distance from the future main site of the 2032 Brisbane Olympics. This permanent residential complex is offered as a business-only, with a strong net profit of $260,694, and body corporate salary making up nearly 60% of income. With no requirement to live onsite or purchase real estate, its a truly flexible opportunity for operators.
This complex benefits from high rental demand and includes amenities like a pool, gym, and barbecue area, adding to the appeal for tenants. Efficient systems and low-maintenance gardens simplify operations, making it a compelling choice for experienced operators seeking growth potential. Tenant demand for Kelvin Grove is set to increase now the Queensland Government has settled on Victoria Park as the centre stage for the Olympics. Being immediately west of the future Olympic stadium, Kelvin Grove will be a major beneficiary and in high demand.
- Generating a significant net profit of $260,694
- Body corporate salary constitutes nearly 60% of total income
- No obligation to reside onsite or purchase real estate
- Onsite office available with no office hours stipulated
- Significant opportunity to enhance business value
- Efficient systems and low-maintenance gardens simplify operations
- Consistently high rental demand
- Amentities include a pool, gym and barbecue area on one level
- Inspections by appointment only
Date updated: 02 Apr 2025 15:45:37
More Information
- Total Purchase Price: $1,355,609
- Net Income: $ 260,694
(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