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EXCEPTIONAL LOCATION AND STABLE SALARY - $276,481 NET PROFIT IN PRIME WEST END 5X MULTIPLIER
All offers considered Indictive price $2,268,000
Permanent management rights, West End QLD
This well-maintained Management and Letting Rights (MLR) business is backed by a robust Body Corporate salary, contributing an impressive 72.5% of the income. Located in the highly sought-after West End, just 3.6km from Brisbanes city centre, this is a rare opportunity to secure a lucrative business in a thriving urban area.
Key Highlights:
Flexible Living Arrangements: No requirement to live onsite, allowing for an additional $42,000+ annual income. This demonstrates the supportive and harmonious relationship with the committee.
Impressive Onsite Facilities: The property includes a ground-floor office on title and a spacious 2-bedroom, 2-bathroom manager's unit, providing the perfect balance of convenience and comfort.
Priced to Sell: Listed at bank valuation, this opportunity offers outstanding value with significant potential for income generation.
Family-Friendly Location: Proximity to top private and state schools enhances its appeal for families seeking a convenient and desirable place to live.
Whether you choose to reside onsite or rent out the managers unit, this MLR business offers unmatched flexibility and income potential. Situated in a vibrant, fast-growing suburb with easy access to Brisbanes CBD, its a golden opportunity for families or investors alike.
Dont miss out on this exceptional opportunitybook an inspection today to see the value for yourself!
Contact The SIRE Team now for more information or book for an inspection.
More Information
- Total Purchase Price: All offers considered Indictive price $2,268,000
- Net Income: $ 276,481
(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