Auchenflower, Queensland

The Gem on Brisbane City Fringe - ID 8862

$1,668,880

Business Description

Mixed Management Rights For Sale
No Office Hours - Easy Business

- Perfectly positioned on Brisbane's city fringe, the complex is just moments from the CBD.

- Financials: Strong net profit of $174,368 with gross income exceeding $230,000.

- Body Corporate Salary: Approximately $81,000 + GST, secured with annual CPI increases.

- Secure Agreements: A 25 year agreement is in placw with a substantial 22 years remaining.

- Ultimate Flexibility: No set office hours providing maximum flexibility and freedom.

- The highly manageable letting pool consists of 7 units (5 holiday and 2 permanent). There are 3 units managed by outside agents.

- An exclusive reception area with ample storage space.

- A very cooperative and supportive Body Corporate committee.

- Spacious, high quality manager's residence featuring 2 bedrooms, 2 bathrooms and 1 secure car space, complete with attractive river views.

- Very convenient location, close to everything.

Asking Price: $1,668,880 (includes the management rights business and the quality 2 bedroom manager’s apartment).

Located in a highly sought-after and convenient area, this property offers the perfect combination of premium lifestyle living, a strong income stream, and incredibly low-stress duties.

Net Profit: $174,368
Asking Price: $1,668,880
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Brisbane Management Rights business for sale contact:

Management Rights Broker
Bill He

Property Code: 1191

Business Summary

Business Snapshot

Price: $1,668,880 Net Profit: $174,368 Remuneration / Body Corp Salary: $81,000Business Value: $769,000

Managers Unit

Value of Managers Apartment: $899,880Bedrooms: 2Bathrooms: 2Car Spaces: 1

Spacious, high quality manager's residence featuring 2 bedrooms, 2 bathrooms, and 1 secure car space. Partial river views. This property represents premium lifestyle living, a superb income stream and incredibly low stress duties.

Complex Information

Complex Type: MixedAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net profit of $174,368, with gross income exceeding $230,000.
2. Body corporate salary of approximately $81,000 plus GST, supported by annual CPI increases.
3. Long term security with a 25 year agreement and approximately 22 years remaining.
4. No set office hours provide operational flexibility and lifestyle benefits.
5. Manageable letting pool comprising seven units, including five holiday and two permanent apartments.
6. Three units are managed by outside agents, reducing direct letting responsibilities.
7. Quality two bedroom, two bathroom manager’s residence with secure parking and attractive river views.
8. Exclusive reception area with ample storage supports on site operations.
9. Supportive and cooperative Body Corporate committee.
10. City fringe location provides convenient access to Brisbane CBD and surrounding amenities.
11. Sale includes the management rights business and manager’s residence for $1,668,880.

Management Rights Multiplier: 4.41
ROI Estimate: 10.45%