ResortBrokers offers to market, the opportunity to acquire a large-scale permanent management rights business, in Brisbane's sought-after city-fringe suburb of Toowong which enjoys a substantially high rental demand.
Underpinned by a solid net profit of over $488k the incoming operator can also rely on the stability of a solid Body Corporate salary circa $341k (with annual reviews), which constitutes over 70% of the total income, contributing to circa 15% Return on Investment.
This permanent residential complex is within walking distance of shops, public transport, entertainment areas and only minutes drive to Brisbane City, Pacific Motor Way, Inner City ByPass, and a range of reputable schools (eg. Queensland Academies, Brisbane Grammar School, etc.) The agreements have been recently topped up, ensuring long tenure and stability for the incoming operator.
This is a fantastic opportunity and offers a coveted acquisition suited to experienced operators, syndicate, or couple looking to expand their management rights portfolio in the thriving Brisbane market.
- Healthy body corporate salary circa $341k, over 70% of total income
- Well-run and profitable MLR with high ROI
- No set office hours
- Recently topped-up agreements with long tenure remaining
- Large 3 bed, 2 bath apartment plus attached office on title - $900k (below valuation)
- Enviable inner-city fringe location, close to all amenities and reputable public and private schools
- Unmissable opportunity for all experienced operators
- Inspections by appointment only
