Rare Business-Only MLR - Brisbane City 4000 | Resort Brokers ID : MR008322
$990,000
Permanent Management Rights, Brisbane QLD
ResortBrokers exclusively presents an exceptional MLR opportunity located in Brisbane City. 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.
With a solid body corporate salary and very manageable caretaking duties, this is an ideal acquisition for discerning operators. The complex boasts a rooftop facility with a pool and barbecue area, and is situated in a prime location, attracting a lengthy waitlist of eager tenants.
A low-maintenance, profitable business opportunity not to be missed, call Jessie Shi to book an inspection!
- No requirement to live onsite
- No requirement to purchase any real estate
- No set office hours
- Easy care nature modern apartment building with very manageable duties
- limited gardens, no lawn to mow and no hedging to maintain
- Solid body corporate salary increased yearly by CPI or 3% whichever is greater
- Very supportive body corporate committee
- Situated in close proximity to Brisbane river, major arterial roads, prestigious private schools, shops and restaurants, contributing to a lengthy waitlist of tenants eager to secure rental properties in this highly desirable location.
- Ideal for experienced managers or first-time operators seeking a profitable business in a convenient location
- Inspection by appointment only
Date updated: 01 Oct 2024 01:00:04
More Information
- Total Purchase Price: $990,000
- Net Income: $ 169,466
(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