Best Location with big potential capital gain
$2,411,200
Permanent management rights, Bowen Hills QLD
This building features an exceptional location, with a bus stop right at the doorstep and the train station just a short walk away. It also provides easy access to the M3 and M7 highways, making it a prime central location for quick connections to both Brisbane's northern and southern suburbs. A large shopping mall is only a 5-minute drive away, and you'll be surrounded by supermarkets, restaurants, and fitness centres, providing excellent everyday conveniences. The Royal Brisbane Hospital is just 3 minutes away, as well as the Brisbane top private schools such as Brisbane Grammar School (1.5km), Girls Grammar Schools (1.3km), and St. Joseph - Gregory Terrace School (800m). The prime location is irreplaceable.
Remuneration accounts for 57% of the income, with a long-term agreement in place for over 21 years. The location offers significant potential for increasing short-term lettings business. There is a substantial opportunity for capital growth here. The manager unit is 3 bedroom, 2 bathroom, one large office and 2 carpark spaces, its ideal for family living. Its especially perfect for families with children attending nearby private schools, offering the convenience of a traffic-free commute in everyday mornings and afternoon school hour. This business offering the perfect combination of comfortable space and strong income potential. The managers unit is listed at just $965,000, offering exceptional value. For comparison, a two-bedroom, one-carpark new apartment on the same street is currently on the market starting from $985,000. This is an exceptional opportunity in an inner-city suburb that you won't want to miss. Contact the exclusive agent for more information!
More Information
- Total Purchase Price: $2,411,200
- Net Income: $ 274,475
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 965,000
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?