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.