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Huge Income and Rare Administrative Only Commercial Management Rights in Cairns
$2,350,000
Permanent management rights, Cairns QLD
NEXT International Realty is proud to present an exclusive opportunity to acquire the management rights of a rare commercial permanent management rights business in Cairns City, indeed it is a unique opportunity for astute investors seeking stability, growth, and long-term returns.
Cairns Night Markets is a proven performer and provides a long history of consistency in net profit to the owners. The complex consists of 131 strata titled lots (117 in the Night Markets and 13 in the Food Court) The markets are visited by 2.7 million people annually, providing an extremely high level of exposure for all shops within.
Investment Snapshot
Real Estate Price: $450,000 (Commercial Office with two carparks)
Business Price: $1,900,000
Total Investment: $2,350,000
Annual Income: $408,631
Key Features
- Well-established commercial administration MR business in Carins City Centre, Northern QLD
- The First time on the market after 17 years - Current owners have been in place for the last 16 years testament to the profitability and longevity of the business.
- Huge Net Income $408,631 in the Profit and Loss Statement with great upside potential
- Fantastic Body Corporate salary of $117,931, with annual increase by CPI, The agreement clearly states that the duties are administrative only, meaning no cleaning, no garden maintenance, no pool or barbecue cleaning, check-ins and all those other duties associated with residential management rights
- 21 years long term agreements on a 25 years BCCM Module
- Healthy Body Corporate relationship in place, passive committee
- There is no residence to buy and no requirement to live on site
- There are no set office hours, 4 hours per day in or about the property
If you want to buy a well-established operation with strong financials management right business, it ticks all your boxes, please book your inspection immediately with Exclusive Agent - NEXT Realty
Inspection by appointment only
Contact David Jiang today to learn more or arrange an inspection.
(NEXT International Realty Specialists in Management Rights | Motels | Hotels | Resort)
More Information
- Total Purchase Price: $2,350,000
- Net Income: $ 408,631
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 450,000
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?