Off The Plan Development - 105 Apartments Over 5 Levels - ID 9071

$1,772,500

Permanent management rights, Wynnum West QLD

Brisbane Management Rights For Sale
Wynnum West

- Stunning, architecturally designed building with sleek, modern finishes
- Featuring landscaped roof top gardens with 360 degree views across Brisbane
- Potential upside with second tower in the planning stages
- 2 bedroom, 2 bathroom Manager's apartment with tandem carparking
- Easy access to Wynnum beach, Moreton Bay, clubs, schools, parklands and shopping centres
- Just 30 minutes to Brisbane
- Body Corporate salary of $63,000

Completion date is yet to be confirmed which will suit anyone with long term plans in the Management Rights industry. The final price will be subject to clawback conditions depending on the final numbers in the letting pool.

Net Profit: No Projections Provided
Asking Price: $1,772,500
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $1,772,500
Net Income: $ 0 ()
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 975,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 0.0
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 105
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 63,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Rooftop gardens, huge BBQ area, 360 degree views, pool

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 975,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Two-bedroom, two-bedroom apartment with two parking spaces. Kitchen features engineered stone benchtops, glass splashback, ample pantry spcae, stainless steel European applicances and timber flooring.