31 Wyandra Street, 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
Key Investment Insights
1. Business-only permanent management rights offering in Teneriffe, asking $605,000 based on net income of $104,358.
2. Remuneration to operator $72,299 annually, with indexed annual increases tied to CPI.
3. Solid financials, P&L verified by an industry specialist accountant, indicating transparent performance.
4. Long-term agreement security, with 20 years remaining on the caretaker and letting agreements.
5. Small, manageable letting pool of 13 lots, simplifying operations and tenant management.
6. No real estate component included, transaction is for the management rights business only.
7. No formal office hours required, operator needs to be contactable during normal hours, reducing overheads.
8. Located in the prestigious Woolstore precinct of Teneriffe, recognised as a high-quality, heritage-rich area.
9. Proximity to lifestyle and amenity hubs, minutes from Brisbane Riverwalk, Gasworks dining precinct, James Street and public transport.
10. Close access to the CBD, supporting demand and tenant appeal for professionals.
11. Well-maintained complex and established procedures in place, suggesting low operational risk and smooth handover.
