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3% Salary Increase and No Living-onsite Permanent Business in West End
$1,666,000 on MR and $800,000 on MU
Permanent management rights, West End QLD
MLR Business Asking for $1,666,000 on Net Income $290,472
Manager Residence is a large 2/2/1 apartment plus on-title office at $800,000
High quality complex, perfectly located in the prestigious heart of West End, sought after nature environment for quality lifestyle, walking distance to South Bank Park and CBD in 15 - 20 minutes. Close to all the necessary amenities, only a short walk to Conference&Exhibition Centre, Museum, Gallery as well as all vibrant and distinctive award winning dining, shopping, beauty, health&wellbeing precinct and an easy stroll to West End Commercial Street
- Great Building with all one or two beds units in West End/South Brisbane Area
- Great remuneration $128,577 with annual increase of CPI or 3% in every July, which is greater
- Very solid P&L statement (Verified by industry specialist accountant)
- 20 years left on Caretaker/Letting Agreements
- Manager Residence - A large 2/2/1 Apartment, plus a large office on title,
- No requirement of residing onsite, manager unit has been tenanted with a weekly rent of $780
- No offices hours, be contactable during normal hours
- Close to West End/South Brisbane Precinct also Brisbane State High Catchment
If you want to buy a great management right business and beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
More Information
- Total Purchase Price: $1,666,000 on MR and $800,000 on MU
- Net Income: $ 290,472
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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?