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START SMALL TO BUILD BIG! WELL-RUN BUSINESS ONLY COMPLEX WITH EASY WORKLOAD! | Resort Brokers ID : MRB008234
$198,000
Permanent Management Rights, Marsden QLD
Newcomers to the management rights space - The Avenues in Marsden is a fantastic business to cut your teeth on, gain industry experience and earn a nice income! Alternatively, this small business-only townhouse complex which has no on-site facilities, would suit a local operator looking to build their portfolio without adding staff to the payroll!
- Built in 2020 The Avenues comprises 30 modern townhouses
- Currently the onsite letting pool consists of 16 lots
- There are no set office hours and no real estate to buy or requirements to live onsite
- 20 years remaining on the Caretaking and Letting agreements
- Net profit circa. $45K with the Body Corporate salary close to $20K
- Well-designed townhouse complex in proximity to schools, park, shops& motorway
- High rental appeal for families with an average weekly rent of $490
- Easy to manage workload / responsibilities for one person
- Occupational authority storage area for cleaning and gardening equipment
- Opportunity to build on letting pool and grow the bottom line through R&M
- All inspections by appointment only
Date updated: 10 Nov 2024 22:00:02
More Information
- Total Purchase Price: $198,000
- Net Income: $ 45,238
(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.
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