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BUSINESS ONLY OPPORTUNITY - INNER BRISBANE
$465,000
Permanent Management Rights, GRANGE QLD
This Brisbane management rights is situated in the inner-northern suburb of Grange, within a highly desirable, upscale townhouse community.
The residential complex is nestled at the end of a quiet street, surrounded by leafy parkland and sporting fields. Wilston Village with popular cafes, restaurants, supermarkets and shops is within walking distance, as are local bus stops. Easy access to the Kedron Brook Bikeway adds further to the appeal, leading you all the way out to Nudgee Beach. Located within the Wilston State School catchment area, and only 6 km from the CBD.
Body Corporate salary of $52,000 (ex-GST) represents over 50% of Net Income, with salary increasing yearly by the greater of 3% or CPI.
Over 19 years remain on Management Agreements.
No Real Estate to purchase!
Modern, low maintenance complex with easy care gardens. No communal onsite facilities.
No Pool
No BBQ
No Gate
Simple duties - easily managed by one person.
No requirement to reside on-site
No office or obligatory working hours - providing flexibility for an incoming operator.
Attractively high rents
Perfect add-on business or industry entry level complex.
Upside for new managers to convert external lets into the onsite pool
Offered for sale by serious sellers ready to negotiate with genuine buyers.
More Information
- Total Purchase Price: $465,000
- Net Income: $ 95,699
(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