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Lucrative Management Rights Business Opportunity in Coveted Corinda Community
$1,045,000
Permanent management rights, Corinda QLD
This is a fantastic management business opportunity ideal for novices. Not only can you acquire a home, but also enjoy a stable income. The community residents and Body Corporate (BC) maintain harmonious relations. On-site presence is unnecessary, and renting out the manager's unit can further boost your annual earnings. The workload is minimal, requiring just one person or two days of work per week. If you're considering expanding your business, this is the ideal choice!
This brick townhouse is situated within a highly sought-after complex of 34 units, boasting a secured main entrance.
The complex features a swimming pool, with parks and a golf course conveniently nearby. Corinda State High School is located right behind the complex, and Corinda State School is just a 5-minute walk away. Both are among Brisbane's most popular public schools, attracting many families seeking rental accommodation for their school-age children.
A bus stop at the boundary of the complex and Corinda Station within 1.4km distance make transportation easy. The excellent location ensures minimal vacancy periods for the units.
Contact Cynthia today for more information and to schedule a private inspection.
More Information
- Total Purchase Price: $1,045,000
- Net Income: $ 86,809
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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?