Bulimba, Queensland

Great Profit at Low Multiplier = Awesome Opportunity

$1.287M MR & $690k Unit = Total $1.977M

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.
Very large store room exclusive use 18.5 meters by 3,8 meters. plus caretaker room

Key Details:
• Nett Profit: $257,367
• Business Price: $1.287M
• Unit Price: $690,000
• Total Price: $1.977M
• Accommodation Module: 20 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: $1.287M MR & $690k Unit = Total $1.977M Net Profit: $257,367 Remuneration / Body Corp Salary: $161,565

Managers Unit

Value of Managers Apartment: $690,000Bedrooms: 1Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 93Total Units in Letting Pool: 33Owner Occupy Units: 56Outside Agent Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

Robert Collins

0404 67....

Joel McCartin

0407 83....

Ras360

Key Investment Insights

1. Exceptional opportunity to purchase a management rights business in the highly desirable suburb of Bulimba.
2. Reduced price at a low multiplier, making it a great investment opportunity.
3. Strategic location in the unique riverside locality of Bulimba, just a stone's throw away from the city.
4. Potential for high rental income in the upmarket rental market with rare vacancies.
5. Long-term agreement with 21 years remaining, providing stability and security for the new owner.
6. Flexibility in accommodation options, with the ability to choose between a 2 or 3-bedroom apartment for the manager's residence.
7. Potential for additional income by leasing out the manager's apartment.
8. Large exclusive use store room and caretaker room included.
9. Net profit of $257,367 and total price of $1.977M.
10. Permanent complex with 93 units, 33 of which are in the letting pool.
11. Agreement term of 25 years with 20 years remaining.
12. Experienced and knowledgeable management rights specialists available for assistance.

Management Rights Multiplier: 5.00
ROI Estimate: 20.00%