Bridgeman Downs, Queensland
Two great Business Only MLR's on Brisbanes Northside - $192k nett
SOLD
Business Description
Exclusive Investment Opportunity: Premier Management Rights in Brisbane North!
This unique investment opportunity features two highly sought-after complexes located just a minute's drive apart. Preston Point Residences includes seven rental units, while Anise currently has no rentals; however, the vendor is open to excluding these rentals from the sale if required.
Together, these complexes generate an impressive annual income of $192,373, with the management rights priced at a competitive $900,000. This equates to a 4.7x multiple, offering over 21% ROI. One complex has a 10-year agreement with the full term remaining, and the other boasts a 25-year agreement with 22 years left. Seize this chance to acquire high-value management rights in Brisbane North.
Situated in Albany Creek, a thriving suburb known for its family-friendly atmosphere, excellent schools, and abundant parks, these businesses benefit from a prime location with strong community ties and consistent demand.
- Nett Profit: $192,373
- Business Price: $900,000 @ 4.7x
- Unit Price: Business Only
- Total Price: $900,000
- Agreement Terms: 22/25 years & 10/10 years remaining
**Ras 360 Property Solutions - Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $192,373 Remuneration / Body Corp Salary: $188,000
Complex Information
Complex Type: PermanentTotal Units in Complex: 137Total Units in Letting Pool: 7Owner Occupy Units: 130Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. Two highly sought-after complexes located in a thriving suburb known for its family-friendly atmosphere, excellent schools, and abundant parks.
2. Annual income of $192,373 with a competitive 4.7x multiple, offering over 21% ROI.
3. One complex has a 10-year agreement with the full term remaining, and the other boasts a 25-year agreement with 22 years left.
4. Strong community ties and consistent demand for rental units.
5. Business price of $900,000 for both complexes.
6. Nett profit of $192,373.
7. Remuneration/Body Corp Salary of $188,000.
8. Total of 137 units in the complex, with 7 units in the letting pool and 130 owner-occupied units.
9. Exclusive investment opportunity with the potential to exclude rentals from the sale if required.
10. Managed by Ras 360 Property Solutions, a reputable management rights company.
