Proudly supported by all of the industry's leading brokers
NO REAL ESTATE TO BUY!
BUSINESS ONLY - $600,000
Permanent Management Rights, TENERIFFE QLD
No manager's unit to purchase
21 years remaining on Management Agreements
Body Corporate Salary of over $70,000 p.a. (plus GST)
Quality building only four years old
Not set office hours
Minimal garden work
Rooftop terrace with BBQ area and panoramic views of the city and the beyond
This Brisbane Management Rights business is easily operated by one person
Rent to the best tenants! After all this is Teneriffe!
The rest of the best of Brisbane is within easy reach. In under 5-minutes walk to the City Cat ferry terminal and City Glider bus service, Newstead River Park, Gasworks dining precinct including Woolworths and gourmet deli. The famous James Street lifestyle precinct and lush New Farm Park a 10-minute stroll. Only a 7-minute drive to the Brisbane CBD and 18 minutes to the Brisbane Airport.
Move quickly on this and don't miss out on this brilliant Brisbane Management Rights business for sale!
More Information
- Total Purchase Price: BUSINESS ONLY - $600,000
- Net Income: $ 103,060
(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