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BRISBANE RIVERFRONT PREMIER PERMANENT MR COMPLEX - $512K NET | Resort Brokers ID : MR008379
$2.845M + $850K UNIT
Permanent Management Rights, KANGAROO POINT QLD
ResortBrokers exclusively presents the permanent management and letting rights, plus associated real estate to Yungaba in Kangaroo Point. This stunning business is located along the riverfront at Kangaroo Point with views of the Story Bridge, city and beyond. The fully established business generates a net income over $500,000 and offers an idyllic inner-city lifestyle. Yungaba would suit an experienced two-person team or the option to continue to run under management.
- Beautifully maintained mid-rise apartment complex with 167 units
- Brisbane river frontage in Kangaroo Point
- Long tenure remaining on 25 year Agreements
- 53 units in the on-site letting pool
- Office and storage areas provided under OA
- Growth potential through converting outside agents back into pool
- No set hours but currently operating Mon-Fri 8.30am-4.30pm
- Manager is required to live on-site
- Currently an employed property manager lives in the 2b/2b apartment - $850K
- Property can be run by a two-person full time team with contractors for gardens& cleaning
- All inspections by appointment only
Date updated: 01 Nov 2024 00:00:04
More Information
- Total Purchase Price: $2.845M + $850K UNIT
- Net Income: $ 512,258
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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?