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3.38 Multiplier, Quality 3-Bedroom Townhouse - ID 8244
$1,200,000
Permanent management rights, Elanora QLD
Under Contract
Permanent Management Rights for Sale
$111,974 + GST BC Salary, up to 84% Secure Income
- Exceptional low multiplier of 3.38.
- Large body corporate salary of $111,974 plus GST, making up 84% of total income, with annual CPI increases.
- Stable and secure income with a very small rental pool and significant growth potential.
- No set office hours only daytime mobile contact required.
- All public holidays off, plus 4 weeks leave per year a unique and favorable benefit.
- Experienced relief manager who has worked long-term and lives nearby.
- Option to live offsite and nominate an onsite manager for extra rental income.
- Limited workload and flexible hours allow you to pursue other jobs and earn additional income.
- High net profit of $133,011.
- All permanent rentals with a letting pool of only 9, offering great potential to grow your rental roll.
- Long-term agreement of 25 years, with 22 years remaining.
- Quality, spacious living with secure high income total price of $1,200,000 (including a 3-bedroom quality Managers Townhouse).
This opportunity offers a large, quality 3-bedroom townhouse with a stable, high, and secure income. Enjoy flexible hours and more guaranteed holidays with simple work and a low multiplier of 3. It's a 5-in-1 deal what a bargain with the perfect combination!
No need to search further if you miss this, where else can you find such a unique opportunity?
Net Profit: $133,011
Asking Price: $1,200,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 133,011
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.4
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
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?