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Almost No Facilities, Business Only - ID 9195
Net $178,052 - Prime Chermside Location
Permanent management rights, Chermside QLD
- No requirement to live onsite.
- No need to purchase real estate.
- No office hours required.
- No swimming pool to maintain.
- 25-year agreement with 21 years remaining.
- Strong income upside potential.
- Stable Body Corporate salary of $68,976 + GST, with annual CPI increases.
- Simple caretaking duties.
- Centrally located in convenient Chermside.
- Almost no garden.
- Garbage bin looked after by council.
- Net profit of $178,052.
- All permanent rentals with a letting pool of 36 units.
- Exclusive-use office and storage for the manager.
- Asking price: $980,000 only.
Simple, high-return business-only opportunity in Chermside you wont want to miss!
Net Profit: $178,052
Asking Price: $980,000
More Information
- Total Purchase Price: Net $178,052 - Prime Chermside Location
- Net Income: $ 178,052
(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.
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