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Premium business-only in Brisbane's inner-city circle Net Profit over $500K | Resort Brokers ID : MR008417
$3,256,651
Permanent Management Rights, EAST BRISBANE QLD
ResortBrokers presents a unique opportunity to acquire two thriving, business only management rights in East Brisbane and Spring Hill. This duo of established, permanent complexes has a total of 149 units and boasts a verified net profit over $500,000 per annum. With newly topped up agreements back to 25 years on one building, and 22+ years remaining on the other complex, there is fantastic security for incoming owners to rely upon.
- No set office hours or on-site living requirements
- On-site offices under OA in both complexes
- Located in high-demand inner-city regions
- Both complexes promise strong financial performance with a net profit over $500,000
- Short-term conversion option to Mowbray Apartments
- 95 in combined onsite letting pool + 3 external rentals being sold with businesses
- Body corporate salary of $214,299 + additional cleaning allowance of $6,180 p.a. at Mowbray
- Newly topped up term at Mowbray to 25 years and 22+ years remaining at Pure
- Don't miss this chance to secure a solid investment in a thriving market.
- Call Alex, Jessie or Tim now for a time to view!
- All inspections by appointment only
Date updated: 03 Nov 2024 22:00:03
More Information
- Total Purchase Price: $3,256,651
- Net Income: $ 503,841
(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