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OFF THE PLAN OPPORTUNITY - MANGO HILL
$1,229,000
Off the Plan Management Rights, MANGO HILL QLD
This project is now sold out with strong interest from investors. 64 new quality Townhouses to be built by a well-respected construction company in the rapidly developing Mango Hill location, 30 mins to Brisbane CBD and 50 mins to The Sunshine Coast.
Within a family friendly area just 2 km to North Lakes Shopping Centre and close to public transport, local shopping, medical services, childcare and schools.
On offer for the incoming manager is a Body Corp salary of $76,800, new 25 year agreements and a projected Net Profit of $163,400.
Due for completion early - 2023.
More Information
- Total Purchase Price: $1,229,000
- Net Income: $ 163,426
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 629,000
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?