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All offers considered easy to manage MLR
$617,000 Negotiable
Permanent management rights, Eastern Heights QLD
NO OFFICE HOURS
Business: 3.3 Multiplier!
Net income is 84% from stable salary with annual CPI increases
The Profit and Loss Statement is very clean with only salary and letting commission prepared by MLR industry accountant
The complex is fully setup in a way that offers flexible work schedule
Currently managed by one person. Prefect for someone who is new to the industry or planning to increase income.
Huge potential for additional streams of income for real estate sales, rent rates increasing, maintenance and cleaning - Work as much or as little as you want.
Call 0404 331 310 for more information and to arrange an inspection for you NOW!
More Information
- Total Purchase Price: $617,000 Negotiable
- Net Income: $ 59,754
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 420,000
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
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?