Business-Only Management Rights, Mitchelton
Management Rights
ActiveHospitality & TourismQueenslandB2B & B2C
Asking price
$1,173,000
Disclosed · AUD
Revenue (est.)
~$926,017
Estimated · comparable listings of this type and size
Net Profit
$230,856
Implied multiple
5.1×
asking / earnings
Brief
- Business-only management rights, no onsite residency requirement and no office hours
- Strong letting of 42 of 45 units, with 80% held by long-term fund investors
- Manageable caretaking duties, no pools, BBQs or recreational facilities to manage
- Low-maintenance gardens designed for operating efficiency
- 9.6km from Brisbane CBD with a direct 15-minute train commute
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