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Rare Large Scale premium riverfront Holiday/Permanent MLR - NOP over $1.08M | Resort Brokers ID : MR008227
$7,166,462
Resort / Holiday Management Rights, Kangaroo Point QLD
ResortBrokers are delighted to exclusively present to the market the Management Rights and associated real estate of two stunning complexes located adjacent to each other in the prime Brisbane inner-city suburb of Kangaroo Point enjoying a superb aspect over the stunning Brisbane River and Story Bridge.
These exceptional complexes comprise a total of 169 units with 61 managed in the onsite letting pool with a mix of short term and permanent rentals. The majority cater to short-term stays and are amongst the most popular corporate/holiday stay options in Brisbane. The associated real estates consist of two spacious 3 bedroom apartments, a generous office/reception, a meeting room and a gym. A total of 5 manager's lots are on title, all priced according to the actual bank valuation.
Investment highlights: premier riverside setting, high net profit, supportive committee, mix of short-term and permanent rentals, fantastic on-site amenities, management operational areas provided.
An exceptional investment opportunity to purchase a Management Rights business netting in excess of $1Million, with a competitive blended multiplier and plenty of room to expand and grow the bottom line. When combined with the prime riverfront position, it quickly becomes a business not to miss.
- Premier riverside setting with amazing view and popular short-stay / corporate accommodation
- Robust 14.3% return on investment (ROI)
- High net profit of $1.08 millionwith room for growth to bottom line
- Strong and solid body corporate salary
- Supportive committee with newly topped up agreement in one complex
- Total of 169 apartments acrossthe two sites with a mix of short-term and permanent rentals
- Fantastic on-site amenities with pool, spa, gym and BBQ shared by both complexes
- Management operational areas including office, meeting room, gym and two 3-bedroom apartments on title (five manager's lots in total to be purchased)
- Inspection by appointment only
Date updated: 29 Dec 2024 22:00:02
More Information
- Total Purchase Price: $7,166,462
- Net Income: $ 1,080,120
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,850,000
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?