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3.96 Multiplier on Brisbane Northside - ID 9193
Net $120,573 - Easy Second Income
Permanent management rights, Carseldine QLD
- Large Body Corporate salary of $86,435 + GST, with annual CPI increases
- All permanent rentals with a small letting pool of only 13 units
- Stable, secure income with low management demands and strong growth potential
- Minimal facilities to maintain, only a small pool
- Very low-maintenance gardens with minimal grass
- Simple workload and flexible hours, allowing time for other work or additional income
- No set office hours - manager is only required to be contactable by phone
- 25 year agreement with 18 years remaining, providing long term security
- Net profit $120,573 with excellent potential to increase income
- Attractive 3.96 multiplier on Brisbane's popular northside
- Independant manager's residence with 3 bedrooms, 2 bathrooms, 1 garage, air conditioning and large outdoor areas
- Convenient and peaceful location, close to all essential amenities
Looking for a second, easy income in your spare time? This is an opportunity you can't afford to miss.
Net Profit: $120,573
Asking Price: $1,226,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: Net $120,573 - Easy Second Income
- Net Income: $ 120,573
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 478,000
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?