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Business Only Toowong 22 Years Remaining
Business Only - $325k
Permanent Management Rights, TOOWONG QLD
This Complex presents a rare opportunity to acquire a high-performing, business-only Management Rights in one of Brisbanes most sought-after inner-city suburbs. Situated in Toowong, just moments from the Brisbane River and major transport hubs, this permanent letting complex offers both convenience and strong rental demand.
The complex comprises 23 modern apartments, with 10 currently in the letting pool. There are no office hours, and no real estate to purchase, making this an ideal investment for those seeking a hands-off income stream. The caretaking duties are minimal and easily managed, supported by a long-term agreement with 22 years remaining and a proactive Body Corporate.
It includes access to a rooftop terrace and BBQ area, and features secure undercover parking with a designated managers space. A rooftop storage area of 17.5m is also included under exclusive use.
Located in the heart of Toowongs lifestyle and education precinct, the complex is a short distance from the University of Queensland, CityCat terminals, Toowong Village, and local cafs and eateries. The areas high demand from professionals and students ensures a stable occupancy year-round.
With solid returns and a net profit of over $55,000, This is the ideal for an existing operator looking to expand or a first-time buyer entering the industry.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: Business Only - $325k
- Net Income: $ 55,841
(actual)
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