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Permanent GEM and Great Residence in West End, Brisbane
4.5 Times MR + Large 2/2/2 MU @ $1.65mil ONO
Permanent management rights, West End QLD
MLR Business Asking for $673,000 on Net Income $149,447
Manager Residence is a large 2/2/2 apartment at $980,000 as per Latest Valuation by Industry Valuer in March 2025
High quality complex, perfectly located in the prestigious heart of West End, sought after nature environment for quality lifestyle, walking distance to South Bank Park and CBD in 15 - 20 minutes. Close 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
- Very well-run complex, all procedures documented
- Body Corporate very fantastic and supportive to work with
- Small letting pool to give you an undisturbed lifestyle
- Well-presented exclusive office, no office hours
- A great manager remuneration $105,000 with annual adjustment of CPI
- Long agreement 20 years left on a 25 years accommodation module
- Modern and fantastic manager unit, located within the Brisbane State High School and West End State School catchment area
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
If you want to buy a great management right business and beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
More Information
- Total Purchase Price: 4.5 Times MR + Large 2/2/2 MU @ $1.65mil ONO
- Net Income: $ 149,447
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 980,000
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?