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Guaranteed Inflation Proof Cash Flow - ID 9155
$1,054,000
Permanent management rights, Cleveland QLD
Permanent Management Rights For Sale
Interested? You Should Be - Don't Miss Out!
- Remarkable opportunity to purchase this well maintained villa & townhouse complex
- 42 lots with 11 in the letting pool plus additional 2 external lets
- 25 year term remaining
- No set office hours offering great work / life balance
- Excellent rapport with Committee and Body Corporate
- Industry accountant verified income
- Desirable bayside location, close to major arterial roads, trains and bus transport
- Walking distance to shops and dining
- The manager's residence offers 3 bedrooms & 1 bathrooms, private courtyard and single car accommodation
Long term manager's ready to move on. Dont miss out on this outstanding opportunity to secure a thriving permanent management rights business. With its strong rental pool with room to grow, strategic location and low-maintenance caretaking duties, this investment promises a harmonious blend of financial success and relaxed lifestyle.
Net Profit: $87,549
Asking Price: $1,054,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $1,054,000
- 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: 4.3
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?