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Business Only, Nearly New Complex, Permanent MLR in Brisbane Southside
$1,810,000
Permanent management rights, Heathwood QLD
NEXT Realty is pleased to present an exclusive opportunity to acquire a Business Only permanent management rights business in Brisbane Southside. With the SEQ cities of Brisbane, Logan and Ipswich growing fast, Heathwood is in a key location. Connections to the CBD include the Centenary Highway through Forest Lake, Ipswich Motorway through Oxley, the Logan Motorway and by rail through Richlands,
18 mins from Indooroopilly
18 mins from Logan
29 mins from Ipswich
25 mins from Brisbane CBD
56 mins from the Gold Coast.
Key Features
- Well-established permanent MLR business in Brisbane Southside
- Solid Net Income $291,843 in the P&L prepared by a professional Industry Accountant
- Fantastic Body Corporate salary of $131,009, with annual increase by CPI
- Well-run building, well-established business and all procedures documented
- There is no gate in complex, easy caretaking workload
- Very new complex very popular with tenants
- Healthy Body Corporate relationship in place
- 20 years long term agreements on a BCCM Accommodation Module
- No real estate associated, be contactable during normal hours
If you want to buy a solid business with undisturbed lifestyle operation management right business, it ticks all your boxes, please book your inspection immediately with Exclusive Agent - NEXT Realty
Inspection by appointment only
More Information
- Total Purchase Price: $1,810,000
- Net Income: $ 291,843
(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