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Teneriffe Trophy Assetâ Status, Long-Term Security&Premium Returns
$2.058M MR&$1.1M Unit = Total $3.158M
Permanent Management Rights, TENERIFFE QLD
Teneriffe Trophy Asset Status, Long-Term Security & Premium Returns
Price: $3,158,000 | Net Profit: $363,525 | Yield: 11.5%
A rare dual-complex management rights holding in tightly held Teneriffe. Delivering $363,525 net profit and an 11.5% yield, this is a scaled inner-city asset with long-term security in one of Brisbanes most established residential precincts.
NOP $351,549 from core letting and $11,976 from external letting. BC Salary $248,898
Core income is valued at 5.77x multiplier, with external letting at 2.5x. Blended 5.66x multiplier.
Total package, including the managers residence, is $3,158,000.
Agreements extend to 2045 and 2046. A final 5% Body Corporate salary increase is scheduled for late 2025 before reverting to CPI indexing. Committees are experienced and supportive, with a consistent history of top-ups.
Operationally, the structure is efficient and proven. The business is managed by a sole on-site operator, supported by a weekday cleaner and periodic gardening contractor. Equipment and pond maintenance are funded by the Body Corporate. This is a scaled income stream without complex staffing exposure.
The managers residence comprises a 203m ground-level apartment with two bedrooms, two bathrooms and two tandem basement car parks (one lock-up), with direct street access. The unit has been recently professionally valued.
Positioned within the established Teneriffe precinct, the complexes benefit from proximity to the river, dining, transport and employment hubs. Demand in this location remains consistently strong.
Trophy assets in Teneriffe are tightly held and seldom offered to market. Contact Ras360 to obtain the full Information Memorandum and to arrange inspection.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $2.058M MR&$1.1M Unit = Total $3.158M
- Net Income: $ 363,525
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,100,000
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?