Proudly supported by all of the industry's leading brokers
Stable Permanent MLR in West End
$2,390,000
Permanent management rights, West End QLD
Located in the vibrant cultural precinct, which includes art galleries, museums, theaters, independent theaters, live music venues, and a diverse range of dining options and the Queensland Performing Arts Centre. It also features the popular South Bank Parklands, which offer recreational spaces, restaurants, and a riverside promenade. The cultural and entertainment offerings in both areas contribute to their appeal for residents and visitors
This building is minutes to the CBD, educational institutions, and cultural attractions in creates a strong demand for rental properties.
Great location in West End with young professional tenants and owners
Fully equipped office with No office hours
Must see permanent complex in a premier area
Contact The SIRE Team now for more information or book for an inspection.
More Information
- Total Purchase Price: $2,390,000
- Net Income: $ 273,980
(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