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PERMANENT - $500K NET WITH $400K SALARY
EOI
Permanent Management Rights, FORTITUDE VALLEY QLD
We are delighted to offer this prestige permanent Brisbane management rights for sale now!
With stunning views from large balconies overlooking the Story Bridge and Brisbane River your tenants will love every minute of every day living in this stunning resort style complex.
This exclusive residential complex provides 5 star equivalent facilities.
All in such a fantastic position with funky bars, cafes and restaurants at your door, a short stroll to the CBD in one direction and trendy James Street, Newstead and Teneriffe precincts in the other. Offering easy access to major arterial roads.
The modern and spacious ground floor manager's apartment consists of two bedrooms, two bathrooms, a total of 150m2 of floor space, plus two secure car spaces, in addition to huge Office space attached on title.
A supportive body corporate, 19 years remaining on management agreements and a salary of over $400,000 ensures the longevity of this very healthy business.
Currently run under management with an experienced team in place for many years, this is a business package that is guaranteed to impress the astute buyer!
More Information
- Total Purchase Price: EOI
- Net Income: $ 534,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
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?