Fortitude Valley, Queensland
Prime Business Only Fortitude Valley Management Rights: Opportunity Awaits with 24.5 Years Remaining
Under Contract / Offer
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: Under Contract / Offer
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 the agreements.
2. Located in the thriving area of Fortitude Valley, with a strong Brisbane market.
3. Low-maintenance business model with only 10 units in the letting pool.
4. Steady income assured with approximately 80% of revenue coming from Body Corporate salary.
5. Successful agreements secured by previous manager, indicative of a cooperative working relationship.
6. Potential for business growth through networking opportunities with approximately 8 external agents operating within the building.
7. Business snapshot includes a net profit of $90,213 and a remuneration/body corp salary of $71,907.
8. Complex information includes 44 total units, 8 units in the letting pool, and 26 owner-occupied units.
9. Under contract/offer for purchase.
10. Contact the agents for an inspection.
