Bulimba, Queensland
4.2 Times Multiplier Permanent and Top Manager Residence in Beautiful Bulimba
$480,000/4.2 times + Manager Unit on Valuation
Business Description
-One of the top suburbs in Brisbane City
-Prime location, walking to shops, restaurants, cafes, riverside, bus/ferry and etc
-MR business asking for $480,000, at 4.2 times multiplier only
-Permanent business with net income $114,422
-Remuneration $89,010 with annual increase of 3% or CPI, which is greater
-Small letting pool, 13 lettings in the building
-Long agreement 24 years, latest top up done in 2022
-Large and modern 3 beds/2 baths/2carprak/office manager unit, valued by Bank Panel Valuer
-No office hours, contactable during normal hours
-No requirement on residing onsite confirmed by Top Industry Specialist Solicitor
If you want a solid & easy and lifestyle business, it ticks all the boxes, book your private inspection with NEXT team!
Business Summary
Key Investment Insights
1. Highly desirable location in one of the top suburbs in Brisbane City.
2. Prime location with easy access to shops, restaurants, cafes, riverside, and public transportation.
3. Permanent business with a net income of $114,422.
4. Low multiplier of 4.2 times, making it a great value for potential buyers.
5. Small letting pool with only 13 lettings in the building.
6. Long agreement of 24 years, with the latest top-up done in 2022.
7. Modern and spacious 3 bedroom, 2 bathroom, 2 carpark, and office manager unit.
8. Unit has been valued by a Bank Panel Valuer.
9. No office hours, allowing for a flexible and easy lifestyle.
10. Contactable during normal business hours, providing a good work-life balance.
11. No requirement for the manager to reside on-site, confirmed by a top industry specialist solicitor.
12. A solid and easy lifestyle business that ticks all the boxes for potential buyers.
