South Brisbane, Queensland
Exceptional Business-Only Management Rights - South Bank | Resort Brokers ID : MRB008539
$1,360,000
Business Description
ResortBrokers is proud to exclusively present an outstanding opportunity to acquire a proven, easy-to-manage permanent management rights business in the heart of South Brisbane. This modern apartment building offers pure business-only structure with no requirement to reside on-site and no set office hours.
This flexibility, coupled with the manageable caretaking duties of the complexes, provides the new owner with the ability to manage their time and resources effectively. The on-site office is under Occupational Authority for the convenience of the manager to use at their discretion exclusively.
This established, mid-scale building offering a perfect balance of flexibility, profitability, and long-term stability. Whether you’re an experienced operator or seeking your first management rights venture, this is an opportunity you can’t afford to miss.
Enquire now to secure your future in this thriving Brisbane location!
- Operates under the accomodation module with a brand new 25-year agreement, offering unparalleled long-term security
- A business-only structure with no real estate purchase required
- No on-site residence requirements and no fixed office hours
- Features include a small sauna, spa, and gym (NO pool) attracting high-quality tenants and maintaining an exceptional occupancy rate
- Low-maintenance caretaking allows the manager to focus on maximising letting revenue
- On-site office provided under Ocuppational Authority, ensuring full flexibility for use
- Attractive ROI supported by a solid body corporate salary
- Positioned in the highly sought-after South Bank precinct South Bank precinct, boasts unparalleled access to iconic landmarks: Brisbane River, Queens Wharf, QLD Museum, QPAC, and the Botanic Gardens. Renowned schools: Brisbane State High School, prestigious private schools, and QUT. And vibrant lifestyle amentities; shops, restaurants, and easy access to major roads. This prime location drives a lengthy tenant waitlist, making it a secure and lucrative investment.
Date updated: 01 Dec 2024 22:00:07
Business Summary
Business Snapshot
Price: $1,360,000
Net Profit: $213,104 Remuneration / Body Corp Salary: $151,537
Complex Information
Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 21Owner Occupy Units: 40Outside Agent Units: 7Agreement Term Remaining: 25 years