Logan Central, Queensland

Business Only Opportunity in Logan Central

SOLD

Business Description

• 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

Business Summary

Business Snapshot

Price: SOLD Net Profit: $86,203 Remuneration / Body Corp Salary: $46,343Body corp salary review: Fixed %

Complex Information

Complex Type: n/aTotal Units in Complex: 37Total Units in Letting Pool: 21Agreement Term: 25 yearsAgreement Term Remaining: 25 years

Marketing Agent

Greg Yang

0430 24....

Onsite Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. 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 it easily manageable for the owner.
4. Limited gardening work and no swimming pool, reducing maintenance and upkeep costs.
5. Annual increase of 4% for body corporate salary, providing a steady income stream.
6. Long-term agreements with 25 years remaining, ensuring stability and security for the business.
7. Business asking price of $431,000, with the option to purchase a manager unit for $260,000.
8. Net profit of $86,203, providing a strong return on investment.
9. Remuneration/body corporate salary of $46,343, providing a steady income stream.
10. Fixed percentage body corporate salary review, providing predictability for future income.