Kuraby, Queensland

Desirable Southside Permanent MLR - No Requirement to reside & No office hours! | Resort Brokers ID : MR008194

$970,000

Business Description

ResortBrokers presents a remarkable opportunity to acquire a well-established management rights located in the desirable suburb of Kuraby. This complex is not only well-maintained but also offers a unique set-up with low-maintenance gardens and pool, making the workload manageable for a single operator.

One of the key highlights of this opportunity is the flexibility it offers. There is no requirement to live onsite, and no set office hours, allowing the incoming operator to enjoy the freedom and flexibility to suit their circumstances.

The manager's unit is currently rented out and is generating an additional $20,800 per year. This income is not included in the P&L, providing an additional revenue stream for the new owner. The manager's unit also includes a spacious office on title, accessible via a separate entrance, effectively separating work from home life.

This is a fantastic opportunity to acquire a profitable management rights business in a prime location, with long agreement terms, flexible working conditions, and strong income potential. To avoid missing out, we encourage interested parties to reach out with their inquiries promptly, as such a lucrative opportunity is expected to be quickly secured. Make sure you contact Jessie Shi today to book an inspection.

No requirement to live onsite
Attached office with No set office hours

Clean P&L prepared by industry professional accountant


Long agreement terms - 20 years


Modern permanent townhouse complex - no community gate


Strong and consistent letting pool


Very supportive and friendly body corporate


Located in highly sought-after soutside area with high rental demand


Suitable for either first time buyer or experience operator as add-on to their existing portfolio


Property inspections are strictly by appointment only

Date updated: 09 Jun 2024 23:00:15

Business Summary

Business Snapshot

Price: $970,000 Net Profit: $109,935 Remuneration / Body Corp Salary: $65,715

Managers Unit

Value of Managers Apartment: $460,000Bedrooms: 3Bathrooms: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 44Total Units in Letting Pool: 19Owner Occupy Units: 16Outside Agent Units: 8Agreement Term Remaining: 20 years
Marketing Agent
Listing location
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