16 Hour Work Week - ID 9155

$1,040,000

Permanent management rights, Cleveland QLD

Permanent Management Rights For Sale
How Does That Sound For Yor Work / Life Balance

- What's the first thing you'd do with your property earning you $7,000 (+) per month?
- Beautiful Bayside Location
- Close to everything Cleveland has to offer
- Solid 25 year income earning potential locked in
- Easy care property to run - JUST 16 HOURS PER WEEK!

Your residence: a lovely single level villa within a secure gated community - providing a genuine work / life balance opprtunity in one of fast growing South East Queensland's best lifestyle precinct locations.

Net Profit: $89,284
Asking Price: $1,040,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $1,040,000
Net Income: $ 89,284 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 670,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.1
_{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: 11
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 28
_{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: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 42
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 81,400
_{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: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 30 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming pool

Real Estate Component

Manager's Unit: 3 1

Included Real Estate: $ 670,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Three bedrooms with built in robes + office, Air conditioning in lounge, master bedroom and office, Recessed lighting plus fans in all rooms and office, Fully tiled living areas with carpet and wood floors in bedrooms, Single lock-up garage with additional car parking in front, Covered outdoor entertainment area, perfect for family enjoyment and hosting guests, The private spacious courtyard with maintenance free gardens is suitable for children and pet-secure living