An outstanding and well-established management rights, 2 complex opportunities (only minutes from each other) has all the elements of a high performing, low maintenance business with excellent upside potential, coupled with a very liveable 3 bedroom manager's apartment. Given the solid Brisbane market and high net income of $289,897, we don't expect this opportunity to last long.
With a significant portion of the income coming from the Body Corporate salary, this business has an excellent base to work with and provides a stable income to the incoming purchaser. This could be easily managed by a two-person team, given the easy-care nature of both buildings.
With long agreements in place at both buildings (20 and 21 years), the current manager has also proposed a top-up to 25-year agreements this year, which demonstrates that the committees are easy to work with, solidifying the business value to the incoming buyer.