Discover a prime management rights opportunity in an exciting suburb, Coorparoo, exclusively presented by Robert Collins from Ras360°, a trusted leader in management rights sales across Queensland. The owner is committed elsewhere, presenting an outstanding chance to acquire a well-managed complex with substantial upside potential.
Key Features:
23.5 years remaining on the Accommodation Module, providing long-term security and stability.
Easily managed by one person with 15 rentals and approximately 20 hours of caretaking per week, or this can be outsourced for a more passive investment.
While on-site living is required, you can purchase a different apartment within the complex or rent out the manager's apartment for an appraised $920 per week.
The final three penthouses are currently under construction and will be completed by early 2025, adding an additional $5,000 per annum to the Body Corporate Salary.
Financial Highlights:
Business Price: $810,000 @ 4.5x multiplier
Unit Price: $870,000 (significantly below market value; current valuation at $1,050,000)
Total Price: $1,680,000
No reasonable offer will be refused! This is an incredible opportunity to secure a highly sought-after management rights business at a below-market price.
Contact Robert Collins from Ras360° today to discuss this unique opportunity!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
