Milton, Queensland

All Offers Considered - High Return Business - ID 9100

$1,800,000

Business Description

Brisbane Permanent Management Rights For Sale
Superb Manager's Residence Located in Promiment Inner CBD Suburb

The seller has other business committments, all reasonable offers will be seriously considered - enquire now!

- High Body Corporate salary $110,120 plus GST (6% increase due in December 2023)

- 25 year Accommodation Module agreement with 23 years remaining

- High net profit of $200,173

- Very close to Brisbane CBD

- Very easy to manage, even for first time operators

- No set office hours with lots of flexibility

- All permanent rentals with 30 in the letting pool, 3 outside agents

- Extremely convenient for daily life and a peaceful environment

- High quality 2 bed, 1 bath manager's residence with secure parking, large courtyard and office on title

- Pet permitted with Body Corporate approval

Here is the best combination of a wonderful city lifestyle along with a flexible high income business. Close to everything including cafes, restaurants, shops, medical centre, pharmacy, hospital, river, public transport, premium schools and major main roads.

This is an opportunity you cannot afford to miss!

Net Profit: $200,173
All Reasonable Offers Considered
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Brisbane Management Rights buisness for sale contact:

Management Rights Broker
Bill He

Property Code: 696

Business Summary

Business Snapshot

Price: $1,800,000 Net Profit: $200,173 Remuneration / Body Corp Salary: $100,120

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
2 bedroom, 1 bathroom residence, Pet friendly courtyard, Single car accommodation, Office attached and on title

Complex Information

Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesSauna: YesGym: YesGames Room: YesBBQ Area: Yes

Key Investment Insights

Management Rights Multiplier: 5.70
ROI Estimate: 17.56%

Listing location
Gallery

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