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