Wynnum, Queensland
Rare Wynnum Business Only Management Rights - $101k+ net profit | Resort Brokers ID : MRB008523
$549,000
Business Description
ResortBrokers offers a rare opportunity to acquire 'Baytrees', a business-only management rights asset in Wynnum.
With a strong net profit of $101,375 and over 86% income derived from Body Corporate Salary, it promises a stable revenue stream.
The 21+ years agreement term ensures long-term security. The manageable portfolio of 11 letting appointments makes it an ideal single-person operation.
The vendor's retirement presents a unique opportunity for local operators or industry newcomers, so won't last long!
- Business-only management rights opportunity in the coveted Wynnum/Manly area
- Strong net profit of $101,375, a testament to the business's financial strength
- Majority of income is derived from Body Corporate Salary, ensuring a stable revenue stream
- Long-term security with 21= years remaining in a 25-year agreement
- Annual Body Corporate Salary increase of 3.5%, enhancing the investment's growth potential
- Caretaking-focused business with a manageable portfolio of 11 letting appointments
- Single-person operation due to manageable duties, offering operational efficiency
- Strategically located in a secure complex, enhancing the asset's appeal
Date updated: 12 Jan 2025 22:00:06
Business Summary
Business Snapshot
Price: $549,000
Net Profit: $101,675 Remuneration / Body Corp Salary: $87,659
Complex Information
Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 11Outside Agent Units: 3Agreement Term Remaining: 21 years