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Exceptional Business-Only Management Rights - South Bank | Resort Brokers ID : MRB008539
$1,360,000
Permanent Management Rights, South Brisbane QLD
ResortBrokers is proud to exclusively present an outstanding opportunity to acquire a proven, easy-to-manage permanent management rights business in the heart of South Brisbane. This modern apartment building offers pure business-only structure with no requirement to reside on-site and no set office hours.
This flexibility, coupled with the manageable caretaking duties of the complexes, provides the new owner with the ability to manage their time and resources effectively. The on-site office is under Occupational Authority for the convenience of the manager to use at their discretion exclusively.
This established, mid-scale building offering a perfect balance of flexibility, profitability, and long-term stability. Whether youre an experienced operator or seeking your first management rights venture, this is an opportunity you cant afford to miss.
Enquire now to secure your future in this thriving Brisbane location!
- Operates under the accomodation module with a brand new 25-year agreement, offering unparalleled long-term security
- A business-only structure with no real estate purchase required
- No on-site residence requirements and no fixed office hours
- Features include a small sauna, spa, and gym (NO pool) attracting high-quality tenants and maintaining an exceptional occupancy rate
- Low-maintenance caretaking allows the manager to focus on maximising letting revenue
- On-site office provided under Ocuppational Authority, ensuring full flexibility for use
- Attractive ROI supported by a solid body corporate salary
- Positioned in the highly sought-after South Bank precinct South Bank precinct, boasts unparalleled access to iconic landmarks: Brisbane River, Queens Wharf, QLD Museum, QPAC, and the Botanic Gardens. Renowned schools: Brisbane State High School, prestigious private schools, and QUT. And vibrant lifestyle amentities; shops, restaurants, and easy access to major roads.This prime location drives a lengthy tenant waitlist, making it a secure and lucrative investment.
Date updated: 01 Jan 2025 00:00:04
More Information
- Total Purchase Price: $1,360,000
- Net Income: $ 213,104
(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