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Highly profitable Business-Only MLRs with NO common facilities! | Resort Brokers ID : MRB008455
$3,475,918
Permanent Management Rights, CANNON HILL QLD
Discover the long-awaited High Netting Business-Only permanent management rights in the highly sought-after inner-city suburb of Cannon Hill. This unique opportunity includes four neighbouring mid-rise apartment complexes, featuring 165 modern apartments with absolutely NO common facilities to maintain.
With a genuine business-only structure, there are no requirements to live on-site and no fixed office hours, offering unmatched flexibility. Boasting a strong combined net profit of $538,241, this business promises a robust return on investment backed by a solid Body Corporate salary of $208,747.
The caretaking duties are minimal, focusing on building upkeep and very light garden maintenance, ensuring a very manageable daily workload. Operating under a 25-year Caretaking and Letting Agreement with over 21 to 23 years remaining across the complexes (successfully topped up), this business offers long-term stability and growth potential.
With its strong financial performance, long-term stability, and flexible business structure, this exceptional management rights opportunity represents a compelling investment. For further inquiries or to arrange a confidential discussion, please call us today.
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Prime inner-city Location with excellent rental returns and zero vacancy
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Long-Term Agreements (successfully topped up)
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No requirement for the manager to live on-site
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No set office hours
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No Common Facilities to maintain
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Strong combined net profit of $538,241 and a solid Body Corporate salary of $208,747
- Total purchase price includes an onsite office on title - $85,000
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Strong and sustainable onsite letting pool
Date updated: 17 Nov 2024 22:00:04
More Information
- Total Purchase Price: $3,475,918
- Net Income: $ 538,241
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 85,000
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?