Mitchelton, Queensland

No Requirement to Live Onsite!

SOLD

Business Description

This permanent management rights business is located on the Northern side of Brisbane’s CBD.
This as new residential development situated close to schools, public transport, shopping and sport and recreation facilities.
With only 16 in the rental pool and low maintenance grounds this complex could be easily managed part time by one or in conjunction with another job.
The BC Salary is $89K and is due to increase by $5K so provides a great safety net for the incoming manager.
The manager’s unit is a 3 bedroom apartment, including 2 bathrooms, separate laundry, double parking, attractive entertaining balcony, quality kitchen appliances
and two offices. The apartment presents as new! A new secure shed is provided to store caretaking equipment.
The Manager is not required to live on-site and the managers unit is currently earning $465 per week.
For additional information or to arrange an inspection please contact David Janett ---------- - Mike Clark ---------- - David Jiang ---------- .
Features:

• Great Location
• Generous BC Salary
• Live off site
• Clean P&L
• No Maintenance
• Huge opportunity to increase your income
• Rent out the managers unit and earn another $24,180.

This is an outstanding opportunity so act QUICKLY!!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $114,623 Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $500,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive Use

Complex Information

Complex Type: PermanentTotal Units in Letting Pool: 15Owner Occupy Units: 43Outside Agent Units: 12Manager Units: 1Agreement Module: AccommodationAgreement Term Remaining: 18 & 21 yearsPool: Yes
Marketing Agent
Next Business & Property Sales

Next Business & Property Sales

Key Investment Insights

Key Insights:

1. Permanent management rights business located in a desirable location near Brisbane's CBD.
2. Low maintenance grounds and only 16 units in the rental pool make this business easy to manage part-time.
3. BC Salary of $89K with potential for increase provides a stable income for the incoming manager.
4. Manager's unit is a spacious 3 bedroom apartment with modern amenities and separate offices.
5. Manager is not required to live on-site and can earn additional income by renting out the unit.
6. Great opportunity to increase income and potential for growth.
7. Business has a clean P&L and is in a desirable location.
8. Manager's apartment has a value of $500,000.
9. Complex is of permanent type with 15 units in the letting pool and 43 owner-occupied units.
10. Agreement module is Accommodation with a remaining term of 18 and 21 years.
11. Amenities include a pool and a secure shed for caretaking equipment.
12. Act quickly as this is an outstanding opportunity.

Management Rights Multiplier: 4.36
ROI Estimate: 22.92%

Listing location
Gallery

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights, Management Rights For Sale

You may also like

Great Business - Not Required to Live On-Site
Next Business & Property Sales
Great Business - Not Required to Live...

STAFFORD

$1,058,000 ONO

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Price reduction for quick sale! Business-only Management Rights $178k Net | Resort Brokers ID : MRB007834
ResortBrokers
Price reduction for quick sale! Business...

EVERTON PARK

Under Contract / Offer

Net Income: $162,623
Managers Estate: - - Bed - Bath
Letting Pool: 36
Remuneration: $64,410

INVESTOR-LED BUSINESS ONLY MLR COMPLEX INNER-BRISBANE W/ $163K NET PROFIT | Resort Brokers ID : MRB007783
ResortBrokers
INVESTOR-LED BUSINESS ONLY MLR COMPLEX...

WINDSOR

Under Contract / Offer

Net Income: $163,427
Managers Estate: - - Bed - Bath
Letting Pool: 54
Remuneration: $76,500

Very busy  22 room Motel Leasehold
Acacia Terraces - 1P6057
Strategic Location Christchurch Central
An Excellent Freehold Going Concern Motel - 1450MF
Another $70,000 Price Reduction - ID 9134
near Bribie  Island
Acquire a premier Main Beach OTP | Resort Brokers ID : OTP008349
BRAND NEW HIGH QUALITY MIXED USE MANAGEMENT RIGHTS OVERLOOKING KIRRA BEACH | Resort Brokers ID : MRB008362
High profit management rights- Short Term Accom in Fortitude Valley -  $521K net | Resort Brokers ID : MR008356
Seeking a dedicated and proactive Building Manager (contractor)
Enviable Lifestyle with a Reliable Cashflow
Freehold Business in Lambton for $3.25M, Developers Dream - 125HF
Large & Profitable in Napier
Lake Boga Pub - 1P6058
Exceptional FHGC Caravan Park for Sale in Historic Charters Towers - 1056CPF
EASY Business and LARGE Remuneration with 3% annual increase!
Byron Bay Boutique Beachside Lifestyle Business | Resort Brokers ID : MR008358
TWO SIDE-BY-SIDE PERMANENTS NETTING $583K FOR 4.8X MULTIPLIER | Resort Brokers ID : MR008354