INVESTOR-LED BUSINESS ONLY MLR COMPLEX INNER-BRISBANE W/ $163K NET PROFIT | Resort Brokers ID : MRB007783
$882,506
Permanent Management Rights, Windsor QLD
ResortBrokers exclusively brings to market this upscale business-only management and letting rights opportunity in the highly desirable Brisbane suburb of Windsor. This business has brand-new agreements with 23 years remaining, providing a long tenure for this investor-orientated complex in one of Brisbanes prime rental corridors. Having no requirement to live onsite and no set office hours to maintain, with extremely manageable duties this opportunity is priced to sell quickly to the astute operator!
- Strong letting pool with investor-led, apartment stock
- Attractive net profit over $163,427p.a– to 30 April 2024
- No set office hours and no requirement to live on-site
- Of the 49 apartments there are five 2 bedroom units which have dual-living, with a total of 42 in the letting pool.
- 25 year caretaking and letting agreements– 23 years tenure remaining
- Solid BC salary of $81,320 per annum plus GST
- 5 sqm Manager's office on ground level plus 3 sqm cleaner's sink and store on level 1
- Building completed in 2017 w/ extremely manager-friendly duties
- No pool, no gym– only a small rooftop common area
- All inspections by appointment only
Date updated: 23 May 2024 23:00:02
More Information
- Total Purchase Price: $882,506
- Net Income: $ 163,427
(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
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?