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Permanent Complex in Kangaroo Point - over $250k net
$1,490,850 MR&$530k Unit = Total $2,020,850
Permanent Management Rights, KANGAROO POINT QLD
An exceptional opportunity awaits to acquire the management rights of a prime permanent complex located in the heart of Kangaroo Point. This well-maintained complex offers a unique blend of lifestyle, income, and growth potential.
Key Features:
No Requirement to Live On-Site: Option to rent out the manager's apartment for $30,000 annually (not included in P&L).
Exclusive Use of Office: Benefit from the private and secure use of the on-site office.
Flexible Tenancy Options: Currently, all units are on permanent leases, with the caretaking agreement allowing a transition to short-term rentals if desired, offering significant potential for increased revenue.
Central Location with Stunning Views: Situated in the heart of Kangaroo Point, enjoy beautiful views and top-tier facilities in a sought-after area.
Easy Management: The business is easily run by a single person, with the current manager outsourcing cleaning, pool maintenance, gardening, and lawn care for just $1,600 per month.
Financials:
Manager's Unit: $520,000
Net Income: $259,279
Business Price: $1,490,854
Total Package: $2,010,854
This is a rare chance to invest in a management rights business that provides stability, growth potential, and an attractive lifestyle in one of Brisbane's most vibrant precincts. Contact us today to learn more and secure this lucrative opportunity!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $1,490,850 MR&$530k Unit = Total $2,020,850
- Net Income: $ 259,279
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 530,000
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?