Cannon Hill, Queensland

Highly profitable Business-Only MLRs with NO common facilities! | Resort Brokers ID : MRB008455

$3,475,918

Business Description

Discover the long-awaited High Netting Business-Only permanent management rights in the highly sought-after inner-city suburb of Cannon Hill. This unique opportunity includes four neighbouring mid-rise apartment complexes, featuring 165 modern apartments with absolutely NO common facilities to maintain.

With a genuine business-only structure, there are no requirements to live on-site and no fixed office hours, offering unmatched flexibility. Boasting a strong combined net profit of $538,241, this business promises a robust return on investment backed by a solid Body Corporate salary of $208,747.

The caretaking duties are minimal, focusing on building upkeep and very light garden maintenance, ensuring a very manageable daily workload. Operating under a 25-year Caretaking and Letting Agreement with over 21 to 23 years remaining across the complexes (successfully topped up), this business offers long-term stability and growth potential.

With its strong financial performance, long-term stability, and flexible business structure, this exceptional management rights opportunity represents a compelling investment. For further inquiries or to arrange a confidential discussion, please call us today.

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Prime inner-city Location with excellent rental returns and zero vacancy

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Long-Term Agreements (successfully topped up)

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No requirement for the manager to live on-site

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No set office hours

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No Common Facilities to maintain

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Strong combined net profit of $538,241 and a solid Body Corporate salary of $208,747

- Total purchase price includes an onsite office on title - $85,000
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Strong and sustainable onsite letting pool

Date updated: 01 Oct 2024 01:00:09

Business Summary