Capalaba, Queensland

Bay Side Beautiful This Could be You

$1,298,000

Business Description

Immaculately presented, this expansive complex stands as a hallmark at the Gateway to the Bay-side, offering serenity and privacy. Featuring a spacious three-bedroom Manager's townhouse with a generous office space and undercover parking for two vehicles, it epitomizes refined living. Situated in a burgeoning area, this complex presents an exceptional investment opportunity.

Net Profit: $135,000
Manager's Unit:
Three-bedroom, two-bathroom townhouse
Price: $649,000
Business Price: $649,000
Total Price: $1,298,000

Additional Details:

Impeccably presented complex at the Gateway to the Bay-side
Quiet and private environment
Manager's townhouse features a large office and undercover parking for two cars
Located in a booming area with strong growth prospects
Easy-to-run business with manageable maintenance tasks
Co-operative and non-interfering committee support
64 units in total, with 20 currently in the letting pool and potential for further expansion
Anticipated rise in rents in the near future
Opportunity to increase income through the utilization of a handyman for maintenance tasks currently outsourced

Moreover, optimizing revenue streams is achievable, particularly through the utilization of a handyman to undertake tasks currently outsourced to external contractors.

For inquiries and further details, please contact the Exclusive Agent, Robert Collins, at your earliest convenience via email at ---------- by phone at ---------- .

Business Summary

Business Snapshot

Price: $1,298,000 Net Profit: $135,000 Remuneration / Body Corp Salary: $100,785

Managers Unit

Value of Managers Apartment: $649,000Bedrooms: 3Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 64Total Units in Letting Pool: 20Owner Occupy Units: 35Outside Agent Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Marketing Agent
Robert Collins
Robert Collins

Key Investment Insights

1. The complex is located in a booming area with strong growth prospects, making it a desirable investment opportunity.
2. The Manager's townhouse is spacious and well-maintained, featuring a large office and undercover parking for two cars.
3. The complex has 64 units in total, with 20 currently in the letting pool and potential for further expansion.
4. The current net profit is $135,000, with a remuneration/body corp salary of $100,785.
5. There is potential to increase income through the utilization of a handyman for maintenance tasks currently outsourced.
6. The complex is well-managed with co-operative and non-interfering committee support.
7. The Manager's townhouse is valued at $649,000, making it a valuable asset for the buyer.
8. The agreement term is 25 years with 21 years remaining, providing stability and security for the buyer.
9. The complex is permanent, providing a stable and consistent income stream.
10. The anticipated rise in rents in the near future presents an opportunity for increased income.

Management Rights Multiplier: 4.81
ROI Estimate: 20.80%

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

BAYSIDE BEAUTY MANAGEMENT RIGHTS FOR SALE
Ras360
BAYSIDE BEAUTY MANAGEMENT RIGHTS FOR...

MANLY WEST

$1,368,000

Net Income: $128,345
Managers Estate: $849,000 3 Bed 2 Bath
Letting Pool: 58
Remuneration: $96,663

Streaky Bay Islands Caravan Park
Substantial CBD investment
Exclusive - NO REQUIREMENT to Live Onsite & Extra Rental Income – ID 9129
Majestic Ocean Views - ID 8423
AN OUTBACK MOTEL AND CARAVAN PARK OASIS WITH SOLID RETURNS - 1437ML
Exclusive - Navigate Towards Success in Hervey Bay- ID 9127
NOP $315K BUSINESS-ONLY MLR PORTFOLIO WITH NO COMMON FACILITIES | Resort Brokers ID : MRB008205
Outrigger: Where Hospitality Meets Profitable Waves, Surging with Over $377k in Net Profit!
Ill Health Requires Sale - Performing Very Well
Unlock Robina's Location: Net Profits over $141,000 in a Vibrant Business Hub!
Money Maker Holiday Park Close to Town Centre
Retiring Seller - Owner Must Sell!
Prime Business Only Fortitude Valley Management Rights: Lucrative Opportunity Awaits! 🌟
POPULAR REGIONAL MOTEL LEASEHOLD - 1642ML
$511K Net, No Pool, No Garden – ID 9134
EXCEPTIONAL LIFESTYLE WITH A SIMPLE COMMUNITY BASED COUNTRY PUB IN THE MIDDLE OF TOWN - 52HF
Terminus Hotel
Brassall Retirement Village. very low multiplier