Think about what constitutes a high quality management rights business: a large body corporate salary, a well maintained and modern building, a large manager's unit, no need to maintain gardens and plenty of upside. It is set to become a key part of the Brisbane 2032 Olympics Games central precinct thanks to its close proximity to the Gabba which will be redeveloped and host the Opening and Closing Ceremonies and track and field events.
ResortBrokers are proud to exclusively present this rare opportunity to secure this well-established management rights business at Kangaroo Point. This business presents an incredible opportunity for growth and is selling for less than 4x Multiplier. Currently trading as short-term management rights, the business performs outstandingly under the current market condition by generating an actual net profit $390K. An experienced onsite operator has the opportunity to drive revenue even further to achieve the pre-Covid figure or easily convert to permanent letting which is still able to generate solid ROI.
- Actual up to date net profit $390K (incl. over 52% contributed by body corporate salary)
- Less than 4x Multiplier
- No need to maintain the gardens
- Part of the Brisbane 2032 Olympics precinct
- Buy now on Covid figures and enjoy the upside growth by trading towards the pre Covid net profit $490K
- Option to convert to permanent letting business with projected net profit $292K
- Large manager's lot includes real estate (all on title) over three levels: outstanding manager's unit separate from office, quality reception area, vast back office space and storage areas.
- Within walking distance to the CBD and the Gabba
- Property inspections are by appointment only
