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Business Only Opportunity - 4 Complexes - ID 9168B
$2,889,000
Permanent management rights, Eagleby QLD
Permanent Management Rights For Sale
Business Only Opportunity - No Real Estate To Purchase
- All complexes offer long agreements with over 20 years remaining on each
- 4 townhouse complexes with a total of 205 townhouses
- 129 townhouses in the letting pool + 1 external let
- Combined Body Corporate salary of over $244,000 + GST
- All complexes are within close proximity to each other
- No requirement to live onsite, no real estate to purchase
- No set office hours
- REI Master software
Four management rights complexes in close proximity, spread over the South Brisbane suburbs of Eagleby, Marsden and Doonandella. There are two swimming pools and one gym with minimal facilities to maintain across all four complexes.
Net Profit: $535,000
Asking Price: $2,889,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $2,889,000
- Net Income: $ 535,000
(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: 5.4
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