Upper Mount Gravatt, Queensland
NO Facilities, Business Only, Close to Sunnybank - ID 9215
$658,000
Business Description
Permanent Management Rights for Sale
Super Easy Duties, Huge Income Upside Potential
- No need to purchase real estate.
- No requirement to live onsite.
- No office and no office hours.
- Minimal garden maintenance.
- No swimming pool to maintain.
- No BBQ area to clean.
- 25-year long agreement with 23 years remaining.
- Significant income growth potential.
Large, stable Body Corporate salary of $83,877 plus GST, with annual CPI increases.
Simple caretaking duties requiring only a few hours per week.
Prime central location, conveniently close to Sunnybank.
All permanent rentals, currently with a rental pool of 4 and 19 managed by outside agents, offering excellent potential to increase rental & sale incomes.
A super simple business only opportunity - one you can’t afford to miss!
Net Profit: $101,351
Asking Price: $658,000
For further information or to arrange an inspection of this Brisbane Management Rights opportunity contact:
Management Rights Broker
Bill He
Property Code: 1093
Business Summary
Business Snapshot
Price: $658,000
Net Profit: $101,351
Complex Information
Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 years
Key Investment Insights
1. Business-only permanent management rights, no real estate purchase required, lowering capital outlay.
2. 25-year agreement with 23 years remaining, providing long-term contractual security.
3. Large, stable Body Corporate salary of $83,877 plus GST, with annual CPI increases, offering predictable base income.
4. Reported net profit of $101,351, indicating profitable operations.
5. Asking price $658,000, implying an approximate net profit yield of 15.4% per annum.
6. Very low operational workload, simple caretaking duties requiring only a few hours per week.
7. No requirement to live onsite, no office or office hours, increasing owner flexibility.
8. Minimal maintenance obligations, no swimming pool, no BBQ area, and minimal garden upkeep, reducing operating costs and complexity.
9. Prime central location close to Sunnybank, enhancing tenant demand and resale appeal.
10. All permanent rentals with a current rental pool of four and 19 additional units managed by outside agents, presenting clear upside to increase rental and sale income.
11. Seller highlights significant income growth potential, suggesting room to expand management scope or convert externally managed units.
