Upper Mount Gravatt, Queensland

Invest in Your Future with this Lucrative Property Management Rights Business in Upper Mount Gravatt

$1,475,000

Business Description

• Not required to live in.
• Easily managed by one person, suitable for bolt-on, first time managers, semi-retiree, and one man operator.
• Simple, and neat complex of 28 units in total with 13 in the current letting pool, high potentials to increase the number.
• High body corporate remuneration $88,628 with 3% increase annually.
• Well presented Manager Residence, large 4 bedroom townhouse with a double garage plus an office.
• Prime location in the Brisbane South, walk to Garden City Westfield shopping centre and all amenities, and within a renowned school catchment.
• Convenient transportation, close to the M1 motorway, only 18 mins drive to Brisbane CBD.
• Business for sale at $585,000, with a multiplier of 4.81 only

Business Summary

Business Snapshot

Price: $1,475,000 Net Profit: $121,689 Remuneration / Body Corp Salary: $88,628Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $890,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 28Total Units in Letting Pool: 13Owner Occupy Units: 9Outside Agent Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes
Marketing Agent
Greg Yang
Greg Yang

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. The property management rights business is easily managed by one person and is suitable for a variety of individuals, including bolt-on, first time managers, semi-retirees, and one-man operators.
2. The complex has a total of 28 units, with 13 currently in the letting pool and potential to increase this number.
3. The body corporate remuneration is high at $88,628 with a 3% annual increase.
4. The Manager Residence is well-presented and includes a large 4 bedroom townhouse with a double garage and office.
5. The business is located in a prime location in Brisbane South, within walking distance to Garden City Westfield shopping centre and in a renowned school catchment.
6. The complex is conveniently located near transportation, including the M1 motorway, and is only an 18 minute drive to Brisbane CBD.
7. The business is listed for sale at $585,000 with a multiplier of 4.81, making it a potentially lucrative investment opportunity.
8. The Managers Unit has a value of $890,000 and includes 4 bedrooms, 2 bathrooms, and 2 car spaces, as well as an office on title.
9. The complex is a permanent type with a total of 28 units, 13 of which are in the letting pool, 9 owner-occupied, and 1 managed by an outside agent.
10. The agreement module is Accommodation with a term of 25 years and 20 years remaining.
11. The complex also includes amenities such as a pool and BBQ area.

Management Rights Multiplier: 4.81
ROI Estimate: 20.80%

Listing location
Gallery

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