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$1,045,000
Permanent management rights, Merrimac QLD
Permanent Management Rights for Sale
What a Bargain!
- Super low multiplier of only 2.18 on the Gold Coast.
- Is it real? Yes, absolutely!
- Anything wrong with the complex? None!
- Hows the Committee? Very supportive and cooperative!
- What about the agreement term? Full term!
- Reason for sale? Genuine retirement of a senior couple after 21 years of running this stable and wonderful business.
- No set office hours work at your own pace.
- All permanent rentals with a very low letting pool percentage, only 19 units.
- High body corporate salary of around $100,000 plus GST, making up more than 70% of total net income. Net operating profit is $137,535.
- Two-bedroom managers townhouse in very good condition, equipped with air conditioning, fans, 1 bathroom, 1 extra toilet, 1 garage, and 2 outside car spaces.
- Large, beautiful front and back courtyards on title.
- Two-way office attached on title, with potential to convert into a 3rd bedroom.
- Total asking price: only $1,045,000 (includes a well-maintained 2-bedroom managers townhouse).
This is a once-in-a-decade opportunity on the Gold Coast that bargain hunters cant afford to miss!
Call Bill He on 0 NOW to secure it and avoid decades of regret.
Net Profit: $137,535
Asking Price:$1,045,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: $1,045,000
- Net Income: $ 137,535
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 745,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.2
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?