Wynnum, Queensland

Rare Wynnum Business Only Management Rights - $100k+ net profit | Resort Brokers ID : MRB008600

$539,000

Business Description

ResortBrokers offers a rare opportunity to acquire 'Baytrees', a business-only management rights asset in Wynnum.

With a strong net profit of circa $100,000 and vast majority of 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 10 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 $100k 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 10 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: 09 Mar 2025 22:00:06

Business Summary