Parkinson, Queensland

Lucrative Management Rights in Parkinson: Prime Location, Strong Income, and Contemporary Living. A Smart Investment Awaits!

SOLD

Business Description

Discover a premium management rights business in the highly desirable suburb of Parkinson, Brisbane South. This exceptional opportunity combines a solid income of $137,688 (verified by an accountant) with a superb lifestyle, featuring a generous salary package and a modern, comfortable residence.

Key Business Highlights:
• Prime Location: Nestled in the serene, leafy suburb of Parkinson, this complex strikes the perfect balance between tranquillity and convenience. Parkinson offers easy access to city-express buses, childcare, shopping, and is within the sought-after Stretton College catchment area. Located just 18 km from Brisbane City and 30 minutes from the Gold Coast, this location provides the best of both worlds – a peaceful, green environment with proximity to vibrant city amenities and coastal attractions.
• Attractive Remuneration: Benefit from a lucrative Body Corporate salary of $112,084, with an annual increase of either CPI or 5% (whichever is greater), secured through to 2038, and thereafter 3%.
• Income Growth Potential: The current letting pool of 11 ensures a steady income, with significant potential for growth. Given the complex’s high demand and strategic location, expanding the letting pool could further enhance your earnings, making this an excellent investment for future returns.
• Established & Efficient: The complex is impeccably managed with all procedures in place, ensuring smooth operation. It is highly regarded by long-term tenants, contributing to a stable and reliable income stream.

Modern Manager’s Residence:
Experience comfort and functionality with this beautifully appointed two-story standalone building. The residence features three spacious bedrooms upstairs, each with built-in wardrobes, and a master bedroom with a private balcony. The upstairs also includes a standalone bathroom equipped with both a shower and a bath.
Downstairs, you’ll find a generous living room and study, along with a modern kitchen that includes a dishwasher. Additional conveniences include a laundry room and a separate toilet. The property also features a well-appointed manager’s office, a single lock-up garage, and a private yard perfect for outdoor enjoyment.
This residence is ideal for a family or a semi-retired couple seeking a blend of comfort and a strong income.

Your Ideal Investment: Seamless Income and Stylish Living
This rare opportunity offers a perfect balance of financial stability and lifestyle benefits. Explore this exceptional management rights business and see why it stands out. We’re confident you’ll be impressed!

Act now to secure this fantastic investment and lifestyle opportunity!

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: SOLD Net Profit: $137,688 Remuneration / Body Corp Salary: $112,084

Managers Unit

Value of Managers Apartment: $699,000Bedrooms: 3Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 11Owner Occupy Units: 31Outside Agent Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 18 years

Marketing Agent

Joel McCartin

0407 83....

Nathan Eades

0448 33....

Ras360

Key Investment Insights

Key Insights:

1. Prime Location: The management rights business is located in the highly desirable suburb of Parkinson, Brisbane South, which offers a perfect balance between tranquillity and convenience.

2. Strong Income: The business boasts a solid income of $137,688 (verified by an accountant), with a lucrative Body Corporate salary of $112,084, secured through to 2038, and thereafter 3% annual increase.

3. Income Growth Potential: With a current letting pool of 11, there is significant potential for growth in the income by expanding the letting pool. The complex's high demand and strategic location make it an excellent investment for future returns.

4. Established and Efficient: The complex is impeccably managed with all procedures in place, ensuring smooth operation. It has a stable and reliable income stream, with long-term tenants.

5. Modern Manager's Residence: The residence features a spacious two-story standalone building with three bedrooms, a private balcony, a modern kitchen, a manager's office, and a private yard, making it ideal for a family or a semi-retired couple.

6. Ideal Investment: This opportunity offers a perfect balance of financial stability and lifestyle benefits, making it an ideal investment for those seeking a blend of comfort and a strong income.

7. Specialists in Management Rights: The business is managed by Ras360, specialists in management rights, motels, hotels, pubs, and parks, providing expert management and support.

Overall, this management rights business in Parkinson offers a prime location, strong income, and contemporary living, making it a smart investment opportunity for those seeking a stable income and a comfortable lifestyle.

Management Rights Multiplier: 4.90
ROI Estimate: 20.40%