Teneriffe, Queensland

Business Only and Solid Permanent MR in Teneriffe

$605,000

Business Description

NEXT Realty is proud to present an exclusive opportunity to acquire the business only permanent management rights business in Teneriffe.

MLR Business Asking for $605,000 on Net Income $104,358

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 $72,299 with annual increase of CPI
- Very solid P&L statement, verified by industry specialist accountant
- 20 years left on Caretaker/Letting Agreements
- Small letting pool - 13 in total, easy and simple
- There is no real estate associated with the business
- 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

Complex Information

Marketing Agent

David Jiang

0481500....

Next Business & Property Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Asking price $605,000 against net income $104,358, implying an approximate pre-tax yield of 17.2% on asking price.
2. Permanent management rights business, offering long-term operational continuity.
3. Verified, very solid P&L statement reviewed by an industry specialist accountant, reducing financial due diligence risk.
4. Caretaker and letting agreements have 20 years remaining, providing long-term income security.
5. Manager remuneration $72,299 with annual CPI increases, delivering predictable wage escalation protection.
6. Small letting pool of 13 units, simplifying letting operations and reducing management complexity.
7. No real estate included, sale is business only, suitable for buyers not seeking property ownership.
8. No fixed office hours required, only being contactable during normal hours, indicating low on-site staffing requirements.
9. High-quality complex located in the prestigious, heritage-rich Woolstore precinct of Teneriffe, enhancing resident appeal.
10. Prime location moments from the Brisbane Riverwalk, Gasworks dining, James Street, public transport, and minutes to the CBD, supporting strong rental demand.