BUY CHERMSIDE SEPARATELY OR BOTH TOGETHER

Only a $531,500 Purchase Price!

Permanent management rights, Everton Hills QLD

Two townhouse complexes, one in Chermside (within walking distance to the Westfield Chermside Shopping Centre) and one in Everton Hills, only 10-12 minutes drive away.

Both Caretaking & small & very easy Letting component!

Duties for the manager are quite low and extend to some gardening and swimming pool maintenance (Note: Pool in one complex only).

The verified Net Profit as assessed by Hospitality & Strata Accountants is $108,196.

Asking Multipliers on the standard MR's have based upon the remaining agreement terms, being 5.3 and 4.6 respectively. The Seller is open to Offers!

In summary, these two complexes are principally part-time gardening roles. Hours required each week are a small part of your week.

Call Greg Jorgensen today on 0407 721 335 for the detailed information package and to arrange an inspection.

More Information

Financial Overview

Total Purchase Price: Only a $531,500 Purchase Price!
Net Income: $ 108,196 (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: 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.}

Letting Business

Letting Pool: 17
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 26
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 6
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 49
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 73,558
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 0 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: None
_{Required Office Hours}

Complex Features: Two Bodies Corporate both with limited gardens and a swimming pool in one and a bbq area in the other, but theres no bbq :No other facilities!!