Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price for the MLR business $2,058,000, net income $363,525, implying an approximate cash yield of 17.7% on the business sale price.
2. Manager remuneration $248,898 with an annual CPI increase, providing indexed, predictable personal income.
3. Manager residence offered separately at $1,100,000, large 2 bedroom, 2 bathroom, 1 car apartment with on-title office and storage, adding significant owner-occupied asset value.
4. Long-term contract security, with more than 20 years remaining on the Caretaker and Letting Agreements.
5. P&L described as very solid and verified by an industry specialist accountant, supporting financial reliability.
6. High-quality complex in the prestigious heart of Teneriffe, within the heritage Woolstore precinct, enhancing prestige and tenant appeal.
7. Prime location benefits including immediate access to the Brisbane Riverwalk, Gasworks dining, James Street retail and public transport, with the CBD only minutes away.
8. Established operational procedures and well-maintained buildings, indicating streamlined management and lower transition risk.
9. Long-term subcontractors in place for gardening and cleaning, reducing operational overhead and continuity risk.
10. Flexible work model with no fixed office hours required, only requirement to be contactable during normal hours, supporting lifestyle appeal.
