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Modern MLR Gem in Mitcheltonâ Strong Returns, No Office Hours!
$485k MR + $510 Unit = $995k
Permanent Management Rights, MITCHELTON QLD
Modern MLR Gem in Mitchelton Strong Returns, No Office Hours!
A superb opportunity to secure a modern, easily managed business in Brisbanes sought-after northside. This tightly held management rights business combines a quality lifestyle with strong income and long agreement tenure all just 9km from the CBD.
Nett Profit: $94,900
Business Price: $485,000 @ 5.1x
Total Price: $995,000 - ROI: 9.5%
Agreement: 20 years remaining Accommodation Module
Managers Unit: Stylish 2 bed, 1 bath with quality finishes
Office: No set hours located on exclusive use title
Letting Pool: 9 units under management with potential to grow
Located within walking distance to public transport, Brookside Shopping Centre, parks, and cafs, the complex enjoys strong rental demand from tenants seeking convenience and lifestyle. The area is popular with families and professionals, offering excellent schools, leafy surrounds, and easy access to the city.
This business is ideally suited to both newcomers entering the industry and experienced operators looking for a well-rounded, low-maintenance addition to their portfolio. With a solid letting pool already in place and potential to increase units under management, the upside is clear.
Tightly held and priced to sell. Enquire now to secure this rare opportunity in one of Brisbanes most tightly held suburbs.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $485k MR + $510 Unit = $995k
- Net Income: $ 96,099
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 510,000
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?