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Great Price with big potential and easy to run
$4.036m
Permanent management rights, Greater Brisbane Region
- Centrally located between Brisbane and the Gold Coast
- Close to major shopping towns, IKEA, hospital, university, public transport and easy access to highway
- Suitable for a couple to manage independently
- Long-term agreement with 22 years remaining
- Strong supported from Body Corporate & committees with harmonious relationships
- By law regulated for the room of single use to make the business letting pool stable and increase the profit every year
- All permanent rentals in the letting pools with potential for increased business income
- Unique manager's unit with 3 bedroom & 2 bathroom, an additional commercial kitchen and a community room
- First time on the market in a decade, offering significant expansion opportunities.
- All the team crew is well established and happy to continue.
This is a rare opportunity with the permanent letting & room accomodation. If you are looking for big and stable income to manage by 2 people team, this is your best option. For more details, contact the exclusive agent.
More Information
- Total Purchase Price: $4.036m
- Net Income: $ 568,000
(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