Newstead, Queensland
Solid Income and Large Remuneration Centrally in Newstead
$1.358k/4.8 times MR + MU on Valuation
Business Description
NEXT Realty is proud to present an exclusive opportunity to acquire the management rights of a large income permanent management rights business in Newstead Brisbane, indeed it is a good opportunity for astute investors seeking stability, growth, long-term returns as well as a good lifestyle.
MLR Business Asking for $1,358,000 on Net Income $282,979
Manager Residence is a large 2/2/1 apartment plus on-title office at $990,000
High quality complex, perfectly located in the prestigious heart of Newstead, most sought after nature environment for quality lifestyle, you're just moments from the Brisbane Riverwalk, Gasworks dining, James St and public transport - with the CBD just minutes away.
- Great Buildings in Newstead Area and all good procedure in place
- Great remuneration $187,665 with annual increase of CPI
- Very solid P&L statement, verified by industry specialist accountant
- Manager Residence - A large 2/2/1 Apartment, plus a large office and storages on title,
- There are long-term good subcontractors - gardening and cleaning in place
- No offices hours, be contactable during normal hours
If you want to buy a great management right business and beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
Business Summary
Key Investment Insights
1. MLR business asking price $1,358,000, reported net income $282,979.
2. Manager residence offered separately at $990,000, described as a large 2 bedroom, 2 bathroom, 1 car apartment with on-title office and storage.
3. Annual manager remuneration $187,665, with CPI-linked annual increases.
4. High quality complex in the prestigious heart of Newstead, indicating premium asset location.
5. Immediate proximity to Brisbane Riverwalk, Gasworks dining precinct, James Street retail and public transport, CBD minutes away.
6. Solid P&L statement verified by an industry specialist accountant, supporting financial credibility.
7. Established operational procedures already in place within the business.
8. Long-term subcontractors in place for gardening and cleaning, reducing immediate operational sourcing risk.
9. Management rights require no office hours, role is contactable during normal hours which supports lifestyle appeal.
10. Positioned as a stable, long-term income opportunity with potential for growth and lifestyle benefits due to location and asset mix.
