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ONE OF THE VERY BEST PROPERTIES IN CAIRNS WITH A HIGH OCCUPANCY AND HIGH RETURNS
$ 2.550.000
Corporate management rights, Cairns North QLD
The sale of this fantastic income achieving complex offers a rare opportunity for an astute buyer
Comprising two, easily managed Body Corporates One of 40 one and two bedroom apartments, and the second of 22 two bedroom townhouses, most of which are owner occupied
The ideal location of this property ensures very high occupancy, with both Corporate Clients and Queensland Health Employees guaranteed
The property is currently run under management
There is no requirement to live on-site and no set office hours.
More Information
- Total Purchase Price: $ 2.550.000
- Net Income: $ 560,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 380,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?