Bulimba, Queensland
Great Profit at Low Multiplier = Awesome Opportunity
$1.28M MR & $620k Unit = Total $1.849M
Business Description
Unlock the potential of this exceptional Management Rights business nestled in the heart of Bulimba, Queensland. The current owners are heavily committed elsewhere presenting a golden opportunity for an astute investor. This must-see complex combines convenience, luxury, and exceptional value for money.
This complex has been reduced substantially (you won't find an income at a multiplier like this elsewhere) as the managers are totally committed elsewhere. Please understand there will be no further reductions. This is an exceptional opportunity in the highly desirable suburb of Bulimba. Residents may have a pet with Body Corporate approval. The area boasts an upmarket rental market with rare vacancies and rock-steady income. You are close to all amenities and the vibrant restaurant precinct of Oxford St. While you must live on-site, you can rent out the manager's apartment and opt for a 2 or 3-bedroom unit
Strategic Location:
Situated in the unique riverside locality of Bulimba, this complex is just a stone's throw away from the city. Enjoy the best of both worlds – close proximity to urban amenities while immersed in the beauty of this riverside gem.
Investment Potential:
Boasting immense potential, this easily managed complex is not only a sound investment but also offers a superb lifestyle. The large one-bedroom plus study apartment, recently renovated, provides comfortable living for the new manager.
Long-Term Agreement:
The current management agreement has an impressive 21 years remaining, providing stability and security for the new owner.
Flexibility in Accommodation:
Explore the flexibility to rent a larger apartment if desired. The agreement requires the manager to live on-site but does not specify a particular unit, giving you the freedom to choose between a 2- or 3-bedroom apartment. Additionally, leasing out the manager’s residence can generate extra income and may offer positive tax benefits, such as deductible expenses related to the rental property. This adaptable arrangement allows you to tailor your living and financial situation to best suit your needs while maximizing your investment's potential.
Key Details:
• Nett Profit: $264,844
• Business Price: $1.229M
• Unit Price: $620,000
• Total Price: $1.849M
• Accommodation Module: 21 years remaining
For more information, please contact Robert Collins at ---------- or via email at ---------- 't miss out on this prime investment opportunity in Bulimba!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs |Parks**
Business Summary
Business Snapshot
Price: $1.28M MR & $620k Unit = Total $1.849M
Net Profit: $264,844 Remuneration / Body Corp Salary: $16,156
Managers Unit
Bedrooms: 1Bathrooms: 1Car Spaces: 1Complex Information
Complex Type: PermanentTotal Units in Complex: 93Total Units in Letting Pool: 33Owner Occupy Units: 53Outside Agent Units: 4Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Key Investment Insights
1. Exceptional Management Rights business opportunity in Bulimba, Queensland.
2. Highly desirable and upmarket rental market with rare vacancies and steady income.
3. Reduced price and low multiplier make this a great value investment.
4. Strategic location close to urban amenities and the vibrant restaurant precinct of Oxford St.
5. Long-term management agreement with 21 years remaining.
6. Flexibility in accommodation options, including the potential to rent out the manager's apartment for extra income.
7. Net profit of $264,844 and total price of $1.849M.
8. Manager's unit includes 1 bedroom, 1 bathroom, and 1 car space.
9. Complex consists of 93 units with 33 in the letting pool and 53 owner-occupied units.
10. Agreement term of 25 years with 21 years remaining.
