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LOCATION, LOCATION - BRISBANE
$1,990,000
Permanent Management Rights, KANGAROO POINT QLD
Perfectly positioned, Brisbane Management Rights business now on the market.
This residential high-rise apartment complex sits proudly within the prestigious Brisbane suburb of Kangaroo Point.
On-site managers enjoy the support of a harmonious and cooperative Body Corporate committee. Importantly, 21 years remain on the Management Rights term.
A healthy net profit of $187,000 per annum, including a Body Corporate Salary totalling $158,000 (ex-GST) representing over 80% of that profit, provides a solid and stable income base.
Manager's residence is a comfortable 3-bedroom, 2-bathroom home featuring a spacious private backyard that opens directly onto a beautifully maintained garden, perfect for relaxing, entertaining, enjoying outdoor family time.
Enjoy stunning views, scenic river boardwalks and parklands. Transport needs are serviced by ferries and buses with quick access to the Clem Jones tunnel, Southeast Freeway and Story Bridge. The stellar locale places you within moments of the iconic Story Bridge Hotel, majestic Kangaroo Point Cliffs Park and the Point Bridge. The newly built green bridge also allows you to walk into the city in just 15 minutes, offering both convenience and a scenic commute.
Spoil yourself amongst an excellent selection of high-quality restaurants and cafes within a leisurely walking distance. Those who reside in Kangaroo Point enjoy the benefits of an inner-city lifestyle in a peaceful setting without the hustle and bustle.
Close to great schools such as Anglican Church Grammar School, Somerville House and St Joseph's.
This business represents a wonderful opportunity for a healthy work/life balance.
More Information
- Total Purchase Price: $1,990,000
- Net Income: $ 187,630
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,060,000
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?