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$182K NET PROFIT BUSINESS OPPORTUNITY WITH FANTASTIC 3BR TOWNHOUSE | Resort Brokers ID : MR008603
$1,399,000
Resort / Holiday Management Rights, Nundah QLD
ResortBrokers is excited to offer The Brook at Kalinga Park- a fabulous townhouse complex and on the city side of Nundah.
On offer is a solid and well performing business in a great area close to the city; a fantastic place to work and home in Brisbanes desirable inner north. With 22 years remaining on the 25-year caretaking agreement, this business is a solid opportunity.
The income is significant with the body corporate salary $118,725, soon to increase with CPI adjustments. This represents a strong income, stylish townhouse and a lifestyle to boot!
The letting side of the business benefits from a scarcity of rentals in the area as well as annual increases in rents, not to mention a stable letting pool in a complex has a supportive community-minded atmosphere.
The vendor is highly cooperative and will train you up on the easy-to-operate systems and procedures they have put in place to ensure the smooth running of this business. Whats more, there are no set office hours, which gives you maximum flexibility in managing your caretaking duties.
The managers townhouse is a spacious and renovated 3-bed, 2-bath living areawith a great entertaining space and a separate office to do business, as well as solar power to help with the electricity bill. The complex is a five-minute walk to Toombul train station and the shopping and dining hubs of Nundah, Chermside and central Brisbane are within easy reach.
Our broker Frank Matus would be delighted to walk you through this opportunity.
- Significant net income of $182,656
- Body Corporatesalary of approx. $118K that increases annually with CPI
- Fabulous three-bed, two-bath renovated manager's residence
- No office hours, flexible management operations
- Extensive handover and support provided
- Solid& stable letting business with rentals being scarce in a rising market
- Inspections are by appointment only
Date updated: 06 Feb 2025 22:00:01
More Information
- Total Purchase Price: $1,399,000
- Net Income: $ 182,656
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 649,000
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?