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Lucrative Management Rights in Parkinson: Prime Location, Strong Income, and Contemporary Living. A Smart Investment Awaits!
$675M MR&$699k Unit = Total $1.374M
Permanent Management Rights, PARKINSON QLD
Discover a premium management rights business in the highly desirable suburb of Parkinson, Brisbane South. This exceptional opportunity combines a solid income of $137,688 (verified by an accountant) with a superb lifestyle, featuring a generous salary package and a modern, comfortable residence.
Key Business Highlights:
Prime Location: Nestled in the serene, leafy suburb of Parkinson, this complex strikes the perfect balance between tranquillity and convenience. Parkinson offers easy access to city-express buses, childcare, shopping, and is within the sought-after Stretton College catchment area. Located just 18 km from Brisbane City and 30 minutes from the Gold Coast, this location provides the best of both worlds a peaceful, green environment with proximity to vibrant city amenities and coastal attractions.
Attractive Remuneration: Benefit from a lucrative Body Corporate salary of $112,084, with an annual increase of either CPI or 5% (whichever is greater), secured through to 2038, and thereafter 3%.
Income Growth Potential: The current letting pool of 11 ensures a steady income, with significant potential for growth. Given the complexs high demand and strategic location, expanding the letting pool could further enhance your earnings, making this an excellent investment for future returns.
Established & Efficient: The complex is impeccably managed with all procedures in place, ensuring smooth operation. It is highly regarded by long-term tenants, contributing to a stable and reliable income stream.
Modern Managers Residence:
Experience comfort and functionality with this beautifully appointed two-story standalone building. The residence features three spacious bedrooms upstairs, each with built-in wardrobes, and a master bedroom with a private balcony. The upstairs also includes a standalone bathroom equipped with both a shower and a bath.
Downstairs, youll find a generous living room and study, along with a modern kitchen that includes a dishwasher. Additional conveniences include a laundry room and a separate toilet. The property also features a well-appointed managers office, a single lock-up garage, and a private yard perfect for outdoor enjoyment.
This residence is ideal for a family or a semi-retired couple seeking a blend of comfort and a strong income.
Your Ideal Investment: Seamless Income and Stylish Living
This rare opportunity offers a perfect balance of financial stability and lifestyle benefits. Explore this exceptional management rights business and see why it stands out. Were confident youll be impressed!
Act now to secure this fantastic investment and lifestyle opportunity!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $675M MR&$699k Unit = Total $1.374M
- Net Income: $ 137,688
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 699,000
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?