Proudly supported by all of the industry's leading brokers
NEW 25 YEAR AGREEMENTS - HEALTHY SALARY
$850,000
Permanent Management Rights, MEADOWBROOK QLD
On offer is a great boutique Management Rights business ticking all your boxes.
Easy access to highway, between Brisbane and Gold Coast
Excellent location close to John Paul College, Griffith University, Logan Hospital, Hyperdome
and more....
A new 25-year Caretaking and Letting Agreement granted
Solid business with nearly 70% of $92,000 net income derived from Body Corp remuneration
Salary increasing yearly by CPI, backed up by a healthy sinking fund
Suitable for first time buyers or family seeking additional income.
Call exclusive agent Selina for further information before you miss out!
More Information
- Total Purchase Price: $850,000
- Net Income: $ 92,318
(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?