Almost Brand New Property! 5 km from Brisbane CBD
$1,760,000
Permanent management rights, Coorparoo QLD
Only one year new apartment in Coorparoo! Just 5 kilometers from Brisbane CBD, it's super convenient for commuting. Close to shopping centers, shops, cafes, and public transport stops within walking distance, making daily life a breeze. The manager's residence is a spacious three-bedroom setup with a large balcony, perfect for family living.
This management rights opportunity comes with a solid 24-year agreement, with remuneration making up about 75% of income. There are 3 apartments still under construction, the Body Corporate Salary would increase $3800 per year after completion.
If you're looking for a new building, this is the one you don't want to miss out. Contact exclusive agent for more details.
More Information
- Total Purchase Price: $1,760,000
- Net Income: $ 180,800
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 880,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?