Eight Mile Plains, Queensland

Located in Eight Mile Plains

SOLD

Business Description

• Fantastic location, close to all amenities
• Easily managed complex
• No fixed office hours
• Good guaranteed Body Corporate salary with CPI increase every year
• Highly sought after by tenants, with potentials to improve the rental pool
• 19 years remain on Management Rights agreements

Business Summary

Business Snapshot

Price: SOLD Net Profit: $143,177 Remuneration / Body Corp Salary: $75,436Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $480,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 52Total Units in Letting Pool: 29Agreement Term Remaining: 19 yearsPool: Yes
Marketing Agent
Paul Wang
Paul Wang

Grace Pang
Grace Pang

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. Prime location near amenities.
2. Easy management of complex.
3. No fixed office hours.
4. Guaranteed body corporate salary with annual CPI increase.
5. High demand from tenants with potential for rental pool growth.
6. Long remaining term on management rights agreements.
7. Managers' unit valued at $480,000.
8. 3 bedrooms, 2 bathrooms, and 2 car spaces in managers' unit.
9. On-site office included.
10. Complex consists of 52 units.
11. 29 units in the letting pool.
12. 19 years remaining on management rights agreements.
13. On-site pool available for use.

Management Rights Multiplier: 5.17
ROI Estimate: 19.35%

Listing location
Gallery

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

No Common Facilities! Easy Care MacGregor Permanent MLR! | Resort Brokers ID : MR008203
ResortBrokers
No Common Facilities! Easy Care MacGregor...

MACGREGOR

$1,111,417

Net Income: $132,154
Managers Estate: $600,000 3 Bed 2 Bath
Letting Pool: 17
Remuneration: $73,665

Prime Location and 25 years Permanent Centrally in Brisbane Southside
Next Business & Property Sales
Prime Location and 25 years Permanent...

MACGREGOR

$1,139,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

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