Teneriffe, Queensland
Solid Income and Large Remuneration Centrally in Teneriffe
$3,158,000 ONO
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 Gold Coast, 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 $2,058,000 on Net Income $363,525
Manager Residence is a large 2/2/1 apartment plus on-title office at $1,100,000
High quality complex, perfectly located in the prestigious heart of Teneriffe, most sought after nature environment for quality lifestyle, Tucked within the heritage-rich Woolstore precinct, you're just moments from the Brisbane Riverwalk, Gasworks dining, James St and public transport - with the CBD just minutes away.
- Great Buildings in Teneriffe Area and all good procedure in place
- Great remuneration $248,898 with annual increase of CPI
- Very solid P&L statement, verified by industry specialist accountant
- 20 years+ left on Caretaker/Letting Agreements
- Manager Residence - A large 2/2/1 Apartment, plus a large office and storage 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. Asking price for the management rights business $2,058,000, net income $363,525, indicating a clear price to earnings reference.
2. Manager remuneration $248,898 with annual CPI increases, providing predictable income escalation.
3. Manager residence sold/on-title at $1,100,000, comprising a large 2 bedroom, 2 bathroom, 1 car apartment, plus on-title office and storage.
4. Caretaker and letting agreements have more than 20 years remaining, delivering long-term contractual security.
5. P&L described as very solid and verified by an industry specialist accountant, supporting financial credibility.
6. High-quality complex in the prestigious heart of Teneriffe, signalling strong asset quality and tenant appeal.
7. Location within the heritage-rich Woolstore precinct, close to Brisbane Riverwalk, Gasworks dining, James Street, public transport, and minutes from the CBD, enhancing lifestyle and rental demand.
8. Established long-term subcontractors for gardening and cleaning, reducing operational onboarding risk.
9. No office hours required, managers need only be contactable during normal hours, indicating lower on-site administrative burden.
10. Business positioned for stability, growth and lifestyle appeal, framed as suitable for astute investors seeking long-term returns.
