Morningside, Queensland
Business Only, 5% Remuneration Increase, 24 Years Permanent @ Inner City East
$513,688 Business Only
Business Description
- Business Only permanent management rights with Nett $91,730
- Sought-after suburb Morningside, within a 6 kilometre radius of the CBD
- Fantastic Body Corporate salary of $53,943, with annual increase by CPI or 5%, which is greater
- Very well run complex and well established and steady business, all procedures documented
- Long Agreements on accommodation module - 24 years (by the Latest Top-up)
- Easy caretaking workload, one person as part-time
- Small letting pool to give you an undisturbed lifestyle
- No office hours, be contactable during normal hours
- No manager residence, no requirement to reside on site
If you want to buy a solid management right business and undisturbed lifestyle, it ticks all your boxes, please book your inspection immediately with Exclusive Agent - NEXT
Business Summary
Key Investment Insights
- Located in the highly sought-after suburb of Morningside, only 6km from the CBD
- Long agreements on accommodation module, providing stability and security for the business
- Easy caretaking workload with only one person required on a part-time basis
- Small letting pool allows for a more manageable workload and an undisturbed lifestyle
- No office hours and no requirement to reside on site, providing flexibility for the manager
Financial Information
- Business Only permanent management rights with a Nett income of $91,730
- Fantastic Body Corporate salary of $53,943, with annual increase by CPI or 5%, whichever is greater
- Well-established and steady business with all procedures documented
Opportunities
- Potential for growth with the option to increase the letting pool
- Opportunity to increase income through additional services such as cleaning and maintenance
- Ideal for a first-time management rights buyer or an experienced operator looking for a steady business with an undisturbed lifestyle
Inspection
- Book an inspection immediately with the Exclusive Agent - NEXT
- Don't miss out on the opportunity to buy a solid management rights business with an undisturbed lifestyle
