Albion, Queensland

SUPER-RIGHTS WITH 1 BC AND HIGH $912K NET - INNER-CITY LOCALE | Resort Brokers ID : MR007576

Under Contract / Offer

Business Description

The established Management and Letting Rights to this luxury complex in Albion is an outstanding opportunity to operate a significant-scale Brisbane business in a prime, inner-city location.

- Fully established complex with permanent rentals
- Recently topped up Agreements with 24 years remaining
- Exceptional BC Salary of $498,814 p.a. - one BC scheme
- 369 apartments with high letting pool of 225 and scope to grow
- Luxury 1-bed / 1-bath apartment to own
- Spacious manager’s office and storage under OA
- Standard 9am–5pm Mon-Fri office hours (contactable by phone)
- Net profit of $912,394 verified by specialist industry accountant
- Extremely manageable caretaking duties
- Excellent transport, vibrant village lifestyle
- All inspections by appointment only
Date updated: 03 Dec 2023 22:00:08

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $949,394 Remuneration / Body Corp Salary: $498,814

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 1Bathrooms: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 369Total Units in Letting Pool: 225Holiday Units: 225Owner Occupy Units: 94Outside Agent Units: 50Agreement Term Remaining: 25 years
Marketing Agent

Key Investment Insights

1. Established complex with permanent rentals.
2. Recently topped up Agreements with 24 years remaining.
3. Exceptional BC Salary of $498,814 p.a. - one BC scheme.
4. 369 apartments with high letting pool of 225 and scope to grow.
5. Luxury 1-bed / 1-bath apartment to own.
6. Spacious manager's office and storage under OA.
7. Standard 9am-5pm Mon-Fri office hours.
8. Net profit of $912,394 verified by specialist industry accountant.
9. Extremely manageable caretaking duties.
10. Excellent transport and vibrant village lifestyle.
11. All inspections by appointment only.
12. Managers unit valued at $550,000.
13. Complex type: permanent.
14. Total units in complex: 369.
15. Total units in letting pool: 225.
16. Holiday units: 225.
17. Owner occupy units: 94.
18. Outside agent units: 50.
19. Agreement term remaining: 25 years.

Management Rights Multiplier: 7.21
ROI Estimate: 13.87%

Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Motel Lease For Sale NSW ( Consistent Performer )
EXCITING OPPORTUNITY TO OWN YOUR OWN FREEHOLD MOTEL BY THE BAY - 2754MF
Redefining waterfront views – Noosaville’s absolute paradise management rights  | Resort Brokers ID : MR008048
Rare Freehold Going Concern Opportunity in busy Regional City | Resort Brokers ID : FH008015
GREAT STARTER LEASEHOLD MOTEL OPPORTUNITY - 2347ML
A CLASSIC PUB IN THE HEART OF TOWN - 116HF
Unlock Lucrative Returns with Effortless Part-Time Opportunities - ID 9115
3 FOR THE PRICE OF 2 FREEHOLD PACKAGE - 853MF2
IMMACULATE MOTEL LEASEHOLD WITH STUNNING OCEAN VIEWS - 501ML
GREAT STARTER MOTEL INVESTMENT OPPORTUNITY - 2347MI
GREAT STARTER MOTEL OPPORTUNITY - 2347MF
PURE LUXURY ACCOMMODATION WITH AN INCOME - 2811MF
Busy Lodge in the Heart of the Village
Exclusive - All About Location - Permanent Gem in Sought After Robina - ID 8943
Leasehold Motel, a standout in the Northern Rivers.
Thriving Caravan/Cabin Park with significant growth potential in Walkamin | Resort Brokers ID : FH008038
Acquire the leasehold of the tranquil Girraween Country Inn | Resort Brokers ID : LH008047
FREEHOLD PREMISIS + HOTEL BUSINESS + 10 ACCOMODATION ROOMS + 3 SHOPS!