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Great Profit at Low Multiplier = Awesome Opportunity
$1.28M MR&$620k Unit = Total $1.849M
Permanent Management Rights, BULIMBA QLD
Unlock the potential of this exceptional Management Rights business nestled in the heart of Bulimba, Queensland. The current owners are heavily committed elsewhere presenting a golden opportunity for an astute investor. This must-see complex combines convenience, luxury, and exceptional value for money.
Strategic Location:
Situated in the unique riverside locality of Bulimba, this complex is just a stone's throw away from the city. Enjoy the best of both worlds close proximity to urban amenities while immersed in the beauty of this riverside gem.
Investment Potential:
Boasting immense potential, this easily managed complex is not only a sound investment but also offers a superb lifestyle. The large one-bedroom plus study apartment, recently renovated, provides comfortable living for the new manager.
Long-Term Agreement:
The current management agreement has an impressive 21 years remaining, providing stability and security for the new owner.
Flexibility in Accommodation:
Explore the option to rent a larger apartment if desired. The manager's residence can be leased, allowing you to choose between a 2 or 3-bedroom unit. Flexibility is key, You may want to buy a larger apartment which is fine as the agreement states that the manager must live on site. There is no unit specified.
This complex has been reduced substantially as the managers are totally committed elsewhere. Please understand there will be no further reductions. This is an exceptional opportunity in the highly desirable suburb of Bulimba. Residents may have a pet with Body Corporate approval. The area boasts an upmarket rental market with rare vacancies and rock-steady income. You are close to all amenities and the vibrant restaurant precinct of Oxford St. While you must live on-site, you can rent out the manager's apartment and opt for a 2 or 3-bedroom unit
Key Details:
Nett Profit: $264,844
Business Price: $1.229M
Unit Price: $620,000
Total Price: $1.849M
Accommodation Module: 21 years remaining
For more information, please contact Robert Collins at 78 792 or via email at . Don't miss out on this prime investment opportunity in Bulimba!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs |Parks**
More Information
- Total Purchase Price: $1.28M MR&$620k Unit = Total $1.849M
- Net Income: $ 264,844
(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