Fortitude Valley, Queensland
Prime Business Only Fortitude Valley Management Rights: Lucrative Opportunity Awaits!
$490,000
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 $95,213 and has a letting pool of 10 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.
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 21 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: $490,000
Net Profit: $95,213 Remuneration / Body Corp Salary: $71,907
Complex Information
Complex Type: PermanentTotal Units in Complex: 44Total Units in Letting Pool: 10Owner Occupy Units: 26Outside Agent Units: 8Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Key Investment Insights
1. Lucrative business opportunity in Fortitude Valley with significant potential for growth.
2. High-performing property with a nett profit of $95,213 and a letting pool of 10 out of 44 units.
3. Swift interest expected due to the robust Brisbane market.
4. Low-maintenance business model with only 10 units in the letting pool, easily manageable by a single individual.
5. Steady income assured with approximately 80% of revenue coming from the Body Corporate salary.
6. Successful agreements with the committee, indicative of a cooperative and accommodating working relationship.
7. 21 years remaining on the 25-year agreements.
8. Presence of approximately 8 external agents within the building, offering potential networking opportunities and avenues for business growth.
