NEW BUILDING - BRISBANE
$1,680,000
Permanent Management Rights, COORPAROO QLD
Bringing unsurpassed living to Coorparoo, this quality, as new, Brisbane Management Rights business is one not to miss!
Taking sophisticated urban living to new heights, these visually striking residential apartments deliver a premium lifestyle.
Nestled on the fringe of the Brisbane CBD, close to public transport, the very best schools, universities, parklands and shopping centres, you will relish this oasis.
4km from Brisbane CBD
Transport at your doorstep
Minutes from quality private and public schools, including Churchie!
5-minute walk to Coles, Woolworths, Aldi, and Dendy Cinemas
Business Highlights include:
24 plus years remain on these brand-new Management Agreements.
A Body Corporate Salary of $134,000 (ex-GST), increasing yearly by CPI, incorporated into a total Net Profit of approx. $180,000 represents 75% of total income.
On-site rental pool of 14 apartments
Minimal common area gardening obligations.
Primarily managing this beautiful building with a boutique pool of onsite rental properties.
Future Earning Potential:
3 apartments yet to be completed, therefore expect an increase in Body Corporate Salary of $3800 p.a.
Cleaning and management of associated retail and commercial lots and common areas.
Manager's residence is a stylish, roomy, and comfortable apartment featuring 3 bedrooms, 2 bathrooms, 2 parking spaces, and a large balcony, making it ideal for family living. Save time in traffic by being so close to the best of schools!
Enjoy resort style amenities, including swimming pool and recreation area, meeting room, gym, and BBQs.
5-minutes' drive to the prestigious Churchie school (Anglican Church Grammar), 12 minutes to Brisbane Girls Grammar, 8 minutes to Somerville house. Walk to supermarkets, cinemas, schools, restaurants, coffee shops... everything in a short distance!
This unique business represents a golden opportunity for you!
Contact me now for more information.
More Information
- Total Purchase Price: $1,680,000
- Net Income: $ 180,800
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 870,000
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?