Hillcrest, Queensland
Exclusive Brisbane South Permanent Management Rights - ID 8881
$1,128,000
Business Description
Permanent Management Rights for Sale
Quality Independent House; 4.2 Low Multiplier
- No pool, no BBQ, no gate
- No office hours
- Super simple duty with extremely easy garden
- Modern, spacious freestanding 3-bedroom HOUSE
- Large percentage of Body Corporate salary: $60,510 plus GST with CPI increase each year
- 25-year long agreement with 23 years remaining
- Only one day required to complete the weekly workload
- Net operating profit is around $93,288
- All permanent rentals with small letting pool of 14
- Modern, very new, spacious freestanding house with 3 bedrooms, 2.5 bathrooms, and double garage.
- Three living areas and huge courtyard. Professional office on title with separate entrances.
- Very peaceful and convenient location, close to public transport, easy access to major highways, close to shopping centre and almost all facilities.
- The total price is only $1,128,000 (including magnificent 3-bedroom manager’s independent house).
The Best 2nd Income in your spare time with superb Living in Brisbane South.
Contact us now to secure this rare opportunity.
Net Profit: $93,288
Asking Price: $1,128,000
For further information or to arrange an inspection of this Management Rights business for sale contact:
Exclusive Management Rights Broker
Bill He
Property Code: 988
Business Summary
Business Snapshot
Price: $1,128,000
Net Profit: $93,288 Remuneration / Body Corp Salary: $60,510
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 2Complex Information
Complex Type: n/a
Key Investment Insights
Key Insights:
1. The business is a permanent management rights opportunity located in Brisbane South.
2. The property has a low multiplier of 4.2, making it a good investment opportunity.
3. The complex does not have any additional facilities such as a pool, BBQ, or gate.
4. There are no office hours required for this business.
5. The duties involved in managing the property are simple and the gardens are easy to maintain.
6. The manager's unit is a modern, spacious, and freestanding 3-bedroom house.
7. The Body Corporate salary is $60,510 plus GST with a CPI increase each year, making it a significant portion of the net operating profit.
8. The agreement is for 25 years with 23 years remaining.
9. The weekly workload can be completed in just one day.
10. The net operating profit for the business is approximately $93,288.
11. The complex has a small letting pool of 14 permanent rentals.
12. The manager's unit is a modern and new house with 3 bedrooms, 2.5 bathrooms, and a double garage.
13. The unit also has three living areas and a large courtyard, as well as a professional office with separate entrances.
14. The location of the complex is peaceful and convenient, with easy access to public transport, major highways, shopping centers, and other facilities.
15. The total price for the business is $1,128,000, which includes the 3-bedroom manager's house.
16. This business offers a great second income opportunity with flexible working hours and a comfortable living situation.
17. The business is managed by an exclusive management rights broker, Bill He.
18. The net profit for the business is $93,288 and the asking price is $1,128,000.
19. The manager's unit has 3 bedrooms, 2 bathrooms, and 2 car spaces.
20. The complex type is not specified.
