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Solid Permanent MR, Large Remuneration and Three Beds Manager Residence in West End
$1,280k on MR Business + 3 Beds MU on Valuation
Permanent management rights, West End QLD
In a prime location on the centre of West End this business ticks all the boxes whilst providing opportunity to grow the business.
The building has modern high-tech security and lift access from the basement car park. Across the street is the riverfront boardwalk with access to the CityCat high speed ferry service and a short walk to South Bank Parklands. At the door is the restaurant, cafe and bar precinct of West End.
The property also benefits from quick access to all the necessary amenities, only a short walk to Conference&Exhibition Centre, Museum, Gallery as well as all vibrant and distinctive award- winning dining, shopping, beauty, health&wellbeing precinct and an easy stroll to West End Commercial Street and West Village.
- SOLID Business permanent management rights with Nett $241,620
- Fantastic Body Corporate salary of $161,257, with annual increase by CPI, every June
- Very well run complex and well established and steady business, all procedures documented
- Complex very popular with tenants
- 32 lettings, not a big letting pool to give you an undisturbed lifestyle
- Spacious separate office on ground floor, be contactable during normal hours
- Large stunning three beds manager residence (Price on Latest Valuation by Bank Panel Industry Specialist)
- No requirement to reside on site on agreements
If you want to buy a solid management right business and urban lifestyle, it ticks all your boxes, please book your inspection immediately.
More Information
- Total Purchase Price: $1,280k on MR Business + 3 Beds MU on Valuation
- Net Income: $ 241,620
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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