Stones Corner Off-the-plan Business Only Permanent Management Rights | Resort Brokers ID : OTP008397
$1,697,571
Permanent Management Rights, STONES CORNER QLD
ResortBrokers exclusively presents a brand new off the plan management rights opportunity in the vibrant inner-city district of East Brisbane! Currently under construction, this stunning new mid-rise development by Gardner Vaughan Group offers a superb business base with net profit over $300K and strong investor letting pool over 50%.
- Stonebrook will comprise of 90 apartments over 9 levels
- Broad range of product from 1 and 2 beds designs to spacious 3 and 4 bedroom layouts
- Expected letting pool of 48 apartments, weighted to 1 and 2 bedroom units
- Brand new 25 year caretaking and letting agreements under accommodation module
- $1800 per lot Body Corporate salary with annual increaseby the greater of the CPI increase and 3%.
- Projected net profit of $326,456 p.a.
- Business-only permanent MR with no requirements to live on site and no office hours
- Fantastic location overlooking Hanlon Park and enjoying city views
- Rooftop indoor/outdoor recreational areas, podium level pool, gym and function room with kitchen
- Optional ground level 2/2/2 manager unit set aside for interested parties - $1,099,000
- Occupational authority spaces for storage provided
- Proximity to Stones Corner Village precinct and easy transport links
- Strong investor attraction for long-term hold with upcoming Olympics
- All inspections by appointment only
Date updated: 15 Sep 2024 23:00:05
More Information
- Total Purchase Price: $1,697,571
- Net Income: $ 326,456
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,099,000
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?