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Lucrative Brisbane City Mixed-Use MLR Opportunity | Resort Brokers ID : MR008532
$2,698,709
Resort / Holiday Management Rights, SPRING HILL QLD
ResortBrokers proudly presents a premium mixed-use management rights located in the vibrant suburb of Spring Hill, on the doorstep of Brisbane's CBD.
This rare offering combines strong financial returns, a prime location, and long agreement terms. With exceptional public transport links and close proximity to business and shopping districts, cafes, restaurants, and parks, this well maintained development offers a profitable business with diverse letting pool, secure income stream and significant growth potential.
This management rights represent a rare opportunity to secure a profitable and well-established business in a thriving market. Whether you are an experienced operator or entering the management rights industry, this is an unmissable chance to achieve financial success and professional flexibility.
Call us today to book in a site inspection.
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Long term agreement with 22 years remaining followed by multiple successful top up during the tenure of the current manager.
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Diverse letting poolincluding permanent and short-stay apartments ensures diverse revenue streams.
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Strong net profit of $373,315 per annum supported by generous body corporate salary with potential for growth.
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The sale includes the rights to a reception and back office on title, ensuring a smooth transition for the new operator.
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Minimal caretaking dutiesoversee the building's common areas, including the indoor pool and gym, with limited day-to-day responsibilities.
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The manager’s unit is a spacious two-bedroom, two-bathroom apartment featuring a city skyline view, expansive open terrace, and parking on Level 3. Separate reception and back office in lobby are also on title.
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Secure income stream benefits from long-term agreements, loyal clientele base and a highly supportive body corporate committee.
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A prime asset in Spring Hill with excellent connectivity and amenities.
Date updated: 08 Dec 2024 22:00:04
More Information
- Total Purchase Price: $2,698,709
- Net Income: $ 373,315
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?