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ALL OFFERS CONSIDERED - PROFIT $558K
$4,250,000
Permanent Management Rights, IPSWICH QLD
Developer's stock. First time on the market. We are pleased to offer for sale this outstanding Ipswich Management Rights business.
Excellent profitability, flexibility and stability are three key attributes applicable to this modern and extremely well-located residential estate.
PROFIT - Netting $558,000 p.a. including a handsome Body Corporate Salary of $255,000 p.a. (ex-GST) demonstrates an outstanding Return On Investment of 13%.
FLEXIBILITY - With no requirement to live onsite, the manager may elect to rent out the four-bedroom free-standing villa and secure additional income. The office is separated from the main villa allowing flexible use by offsite manager given office hours are not set.
STABILITY - Management Agreements have a healthy remaining term of 22 years. Ipswich is renowned for its high rental demand, therefore ensuring you secure quality tenants.
Ideally located, with only a 40-minute drive to Brisbane and an hour to the Gold Coast. Ipswich offers an ideal lifestyle, combining heritage charm with the benefits of a modern, exciting metropolitan lifestyle.
Ipswich is amongst the top three fastest growing regions in Queensland with many young professionals seeking high quality residential accommodation such as this.
In addition to local State schools, private schooling options are great with Ipswich Grammar, Ipswich Girls Grammar School, St Mary's Primary & College, and St Edmunds College.
Avoid disappointment. Seize the opportunity. Contact Bobo today.
More Information
- Total Purchase Price: $4,250,000
- Net Income: $ 558,778
()
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: 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?