Logan Central, Queensland
Business Only Opportunity in Logan Central
• Rare apartments management rights in Logan Central
• Not required to live onsite
• No set office hours
• Easily managed
• No swimming pool, very limited gardening work
• 4% increase annually for body corporate salary
• 25 years remain on Management Rights agreements
• Business asking price $431,000
• With an option to buy a manager unit valued at $260,000
Net Profit: $86,203 Remuneration / Body Corp Salary: $46,343Body corp salary review: Fixed %
Complex InformationComplex Type: n/aTotal Units in Complex: 37Total Units in Letting Pool: 21Permanent Units: 21Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights1. Rare opportunity to acquire apartments management rights in Logan Central.
2. No requirement to live onsite, allowing for flexibility and convenience.
3. No set office hours, making the business easily manageable.
4. Limited gardening work and no swimming pool to maintain, reducing operational costs.
5. Annual increase of 4% for body corporate salary, providing potential for growth.
6. Long-term agreements with 25 years remaining, providing stability and security.
7. Business asking price of $431,000, with the option to purchase a manager unit for an additional $260,000.
8. Net profit of $86,203, providing a strong return on investment.
9. Remuneration/Body Corp Salary of $46,343, providing additional income for the business.
10. Complex consists of 37 units, with 21 units in the letting pool.
11. All 21 units in the letting pool are permanent rentals, providing a stable income stream.
12. Agreement term of 25 years, providing long-term potential for the business.
13. Fixed percentage for body corporate salary review, providing predictability for future income.