New Farm, Queensland

The Simplest Business Opportunity in New Farm - ID 9229

$558,000

Business Description

Permanent Management Rights for Sale
High Percentage Body Corporate Salary

- No requirement to live onsite (with no need to purchase real estate).

- No office required and no set office hours.

- No swimming pool to maintain and no BBQ area to clean.

- Almost no gardens to maintain, resulting in extremely simple caretaking duties with minimal working hours.

- Long-term security with a 25-year agreement (22 years remaining).

- Stable, high-percentage Body Corporate salary of $71,383 plus GST, with annual CPI increases.

- Highly sought-after prestige location in the Brisbane inner-city, close to everything.

- High-demand permanent rentals, with a tiny letting pool of only 7 units (and outside agents managing an additional 4 units).

- Supportive committee and a friendly community.

Net Profit: $92,017
Asking Price: $558,000

For further information or to arrange an inspection of this Brisbane Management Rights opportunity contact:

Management Rights Broker
Bill He

Property Code: 1156

Business Summary

Complex Information

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Permanent management rights with net profit of $92,017 and asking price of $558,000.
2. No requirement to live onsite, purchase real estate, operate an office or observe set office hours.
3. Simple caretaking duties with minimal working hours, no pool, no BBQ area and almost no gardens.
4. Body corporate salary of $71,383 plus GST, supported by annual CPI increases.
5. Long term security provided by a 25 year agreement, with 22 years remaining.
6. Prestige New Farm location in Brisbane’s inner city, close to everything.
7. High demand permanent rentals with a small letting pool of seven units.
8. Supportive committee and friendly community contribute to the operation’s appeal.
9. Additional letting activity is managed by outside agents across four units.