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Prime Business Only Fortitude Valley Management Rights: Opportunity Awaits with 24.5 Years Remaining
$490,000 - Business Only
Permanent Management Rights, FORTITUDE VALLEY QLD
Exceptional Business Opportunity: Situated in Fortitude Valley, this offering presents a long-standing business-only management opportunity. It embodies the key components of a high-performing property with significant potential for growth. The property shows a nett profit of $90,213 and has a letting pool of 8 out of the 44 units in the complex.
Swift Interest Anticipated: Given the robust Brisbane market, swift interest is anticipated in this venture.
Low-Maintenance Business Model: This Business Only opportunity boasts a low-maintenance business model. With just 10 units in the letting pool, it is easily manageable by a single individual.
Steady Income Assured: Approximately 80% of revenue stems from the Body Corporate salary, providing a strong foundation for profitability and assuring a steady income for the new owner. This complex will not disappoint
Successful Agreements: The previous manager successfully secured new 25-year agreements with the committee, indicative of a cooperative and accommodating working relationship. They agreements have 25 years remaining at time of listing
External Agents Presence: Additionally, approximately 8 external agents are operating within the building, offering potential networking opportunities and additional avenues for business growth.
Contact the agents to arrange an inspection.
** Ras360 - Management Rights | Motels | Hotels | Pubs | Parks **
More Information
- Total Purchase Price: $490,000 - Business Only
- Net Income: $ 90,213
(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