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Business only! Prime Location!
$820,000
Permanent management rights, Teneriffe QLD
Discover the charm and lifestyle of this beautifully restored heritage-listed building, just a 10-minute drive from the Brisbane CBD, this premiere inner-city location offers unbeatable convenience and with a bus stop only 1 minute away and the Teneriffe Ferry Terminal only 5 minutes walk from your doorstep, tenant demand is exceptionally high. Walk to the Brisbane CBD, Brisbane River, exclusive shopping, coffee shops and fine-dining.
Key Highlights:
-Strong remuneration makes up nearly 65% of the income and
-Excellent return on investment.
-No requirement to purchase a manager's unit or live onsite.
-No set office hours
-Minimal garden maintenance and no pool or BBQ facilities to manage.
-Easily operated by one or two people.
This is the first time in a decade that this opportunity has come to market and you won't want to miss out on this excellent business-only opportunity!
Contact exclusive agent for more details and book your inspection.
More Information
- Total Purchase Price: $820,000
- Net Income: $ 152,163
(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