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First Time in more than 20 Years: Management Rights for Sale at Taringa
$900K MR&$1.095M Unit = Total $1.995M
Permanent Management Rights, TARINGA QLD
An exceptional opportunity has arisen to acquire the management rights to Kingshome Apartments in Taringa, offered for the first time in two decades as the current manager retires after a successful tenure.
Key Highlights include:
Outstanding Body Corporate: Enjoy a smooth operation with no issues and a manageable workload.
Prime Location: Nestled in a premium hilltop suburb in Brisbane's West, Kingshome Apartments boast extensive city views and proximity to some of Queensland's top schools and sporting facilities. Just a short distance from UQ and the river.
Beautiful Manager's Residence: A spacious ground floor 3-bedroom apartment spanning 151 sqm, featuring a large courtyard perfect for pets. The third bedroom is converted into an office, secured on title.
Luxury and Convenience: This high-end complex is close to private and state schools, two major shopping centres, and well-connected by rail and bus.
Financials:
- Nett Profit: $197k with newly topped-up agreements to full term.
- Business Price: $900k @ 4.56x multiple.
- Unit Price: $1.095M.
- Total Price: $1.995M.
Dont miss this rare chance to step into a well-established, profitable business in a sought-after location. For more details, contact us today!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $900K MR&$1.095M Unit = Total $1.995M
- Net Income: $ 197,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,095,000
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?