Proudly supported by all of the industry's leading brokers
easy run by one person
$1,420,000 negotiable
Permanent management rights, Kelvin Grove QLD
Unique Opportunity! Ideal Property Management Rights in Kelvin Grove City Center.
Located in Kelvin Grove, Brisbane's inner city suburbs, this exceptional property is 5km from Brisbane CBD and only 17 minutes to Brisbane International Airport. It's walking distance to Kelvin Groove primary school and Kelvin Grove State College. Also close to QUT, Queensland Academies (QACI) and Royal Brisbane Hospital.
The complex is easy to manage by one person. It's perfect for a small family looking to live together while generating additional income. With a long 22-year agreement, no set office hours. The unit price is valued by management right bank nominated valuer at $800,000. First time on the market for decade, the seller is keen to move on for semi-retire, all reasonable offers will be considered.
If you're seeking to live in the city centre while ensuring a stable income, this is undoubtedly an ideal opportunity! Contact exclusive agent for more details.
More Information
- Total Purchase Price: $1,420,000 negotiable
- Net Income: $ 152,757
(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?