646

Management Rights
For Sale

51

Motels / Hotels
For Sale

18

Caravan Parks
For Sale

776

Investment Property
For Sale
SOLD!Exclusive

caretaking only

$672,000

Permanent management rights, Chermside QLD

Excellent location in Chermside! Close to Westfield Chermside, The Prince Charles Hospital, children's playgrounds, gas stations, and pet parks, offering superb lifestyle amenities.

This building is a newly completed building in 2022, built with a modern environment and architecture, minimal rental business operations, low proportion of common facilities, and easy management without the need to purchase a manager's unit or live onsite. It's an excellent management opportunity!

If you're looking for a property management rights opportunity that's modern, convenient, and low on management burden, this is definitely an opportunity not to be missed!

Act now and seize this ideal property management rights opportunity in Chermside! Contact exclusive agent for more details.

More Information

Financial Overview

  • Total Purchase Price: $672,000
  • Net Income: $ 112,076 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 0
    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.

Letting Business

  • Letting Pool: 2
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 0
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: TBC
    The total number of units within the complex.

    • Caretaking

  • Remuneration: $ 112,076
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 25 years
    How long is the caretaking contract.
  • Agreement Remaining: 23 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Office Hours: No set office hour
    Required Office Hours
  • Complex Features:

    • Real Estate Component

    Listing Agent Contact Details

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    • Property ID: 21136056
    • Broker's Ref:
      • =755746
    • Last Update: 4 months ago.
    • Listing Type: Permanent
    • Price: $672,000
    • Chermside, QLD