Fortitude Valley, Queensland
Prime Business Only Fortitude Valley Management Rights: Opportunity Awaits with 24.5 Years Remaining
SOLD
Business Description
Exceptional Business Opportunity: Situated in Fortitude Valley, this offering presents a long-standing business-only management opportunity. It embodies the key components of a high-performing property with significant potential for growth. The property shows a nett profit of $90,213 and has a letting pool of 8 out of the 44 units in the complex.
Swift Interest Anticipated: Given the robust Brisbane market, swift interest is anticipated in this venture.
Low-Maintenance Business Model: This Business Only opportunity boasts a low-maintenance business model. With just 10 units in the letting pool, it is easily manageable by a single individual.
Steady Income Assured: Approximately 80% of revenue stems from the Body Corporate salary, providing a strong foundation for profitability and assuring a steady income for the new owner. This complex will not disappoint
Successful Agreements: The previous manager successfully secured new 25-year agreements with the committee, indicative of a cooperative and accommodating working relationship. They agreements have 25 years remaining at time of listing
External Agents Presence: Additionally, approximately 8 external agents are operating within the building, offering potential networking opportunities and additional avenues for business growth.
Contact the agents to arrange an inspection.
** Ras360 - Management Rights | Motels | Hotels | Pubs | Parks **
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $90,213 Remuneration / Body Corp Salary: $71,907
Complex Information
Complex Type: PermanentTotal Units in Complex: 44Total Units in Letting Pool: 8Owner Occupy Units: 26Outside Agent Units: 8Agreement Term: 25 yearsAgreement Term Remaining: 24 years
Key Investment Insights
1. Long-standing business opportunity with 24.5 years remaining on management agreements.
2. High-performing property with significant potential for growth.
3. Nett profit of $90,213 and a low-maintenance business model with only 10 units in the letting pool.
4. Steady income assured with 80% of revenue coming from Body Corporate salary.
5. Successful agreements in place with a cooperative and accommodating working relationship with the committee.
6. Presence of external agents in the building offers potential networking opportunities and avenues for business growth.
7. Located in the robust Brisbane market, swift interest is anticipated in this venture.
8. Contact agents to arrange an inspection.
9. Complex type is permanent with a total of 44 units and 8 units in the letting pool.
10. 25-year agreements in place with 24 years remaining.
