West End, Queensland
Business Only Permanent Business in West End Area
Under Contract / Offer
Business Description
- Asking $760,000
- Two MRs in One for Sale, with a distance of 2km, just 5mins riding, very handy
- Large Income $138,309, verified by industry specialist accountant
- Well- presented complex provides the perfect environment to relax in
- Very well-run business, all procedures documented
- Body Corporate very fantastic and supportive to work with
- Long agreement 20 years left on a 25 years accommodation module
- Great remuneration $106,615 with annual adjustment of CPI
- Small letting pool - only 10 lettings in the pool in total
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- No Office Hours
- No Real Estate Associated
Book your private inspection with Exclusive Agent, David Jiang from NEXT Realty!
Business Summary
Key Investment Insights
1. Asking price $760,000 for a business-only permanent business in West End area, offering clear acquisition cost.
2. Two management rights in one sale, properties separated by 2 km, approximately 5 minutes riding, providing operational convenience.
3. Large verified income of $138,309, confirmed by an industry specialist accountant, supporting financial credibility.
4. Strong operator earnings with remuneration of $106,615, subject to annual CPI adjustment, indicating inflation-linked income growth.
5. Long-term contract security, 20 years remaining on a 25-year accommodation module, reducing short-term renewal risk.
6. Small letting pool of only 10 lettings, enabling focused management and potentially higher per-tenant service levels.
7. Very low tenant turnover, minimising inspections and administrative workload.
8. Well-presented complex that offers a relaxed environment, supporting tenant retention and appeal.
9. Well-run business with all procedures documented, facilitating transition and training for a new owner.
10. Supportive and proactive body corporate, described as very fantastic to work with, easing operational relations.
11. No office hours required, reducing overheads and allowing flexible management arrangements.
12. No real estate association, simplifying business focus to management/operations rather than sales.
