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BUSINESS ONLY - NO REAL ESTATE - LIVE OFF SITE
$760,500 BUSINESS ONLY
Permanent Management Rights, LUTWYCHE QLD
We are pleased to present this exciting Brisbane Management Rights package for sale.
On offer, is a pair of mid-rise residential apartment buildings located within two of Brisbane's premier northside suburbs of Lutwyche and Chermside.
The logistics of managing the two buildings are straight forward as they are conveniently located within 4 km of each other.
Attractively, this business has no real estate component and no requirement to reside onsite.
Both properties are modern buildings of similar size and have very modest communal amenities. Caretaking duties are therefore not overly extensive. Caretaking Salaries totaling over $89,000 p.a. plus GST, representing approximately 64% of total net profit, thus providing robustness to this business.
Long terms remain on both Management Agreements, adding an additional layer of security to the incoming manager.
Furthermore, there is the opportunity to increase the current rental pool, and therefore your bottom line, by securing onsite rentals from external real estate agencies. And of course, the ongoing quality of tenants to select from within both Lutwyche and Chermside is second to none.
Lutwyche is a terrific combination of city convenience and suburban charm, whilst Chermside is a major retail, health, and transportation hub. Both suburbs, the pride of Brisbane's north, a short drive to the CBD.
Looking for a quality addition to your existing business portfolio? Contact Bobo Qi now for an exclusive inspection.
More Information
- Total Purchase Price: $760,500 BUSINESS ONLY
- Net Income: $ 138,270
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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