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$188,232 High Net Profit + 3-Bedroom Townhouse - ID 9017
$1,700,000
Permanent management rights, Merrimac QLD
Permanent Management Rights for Sale
$111,974 + GST Large Salary with Easy Duties
- Stable body corporate salary of $136,083 plus GST, forming a large percentage of the total income, with annual CPI increases.
- No set office hoursenjoy flexible arrangements, perfect for a semi-retirement lifestyle.
- Simple and manageable caretaking duties, leaving you ample time to pursue other jobs or earn additional income.
- Permanent rental pool with only 16 units and 1 lock-up a very small percentage of the rental roll.
- High net profit of $188,232.
- Long-term agreement of 25 years, with 22 years remaining.
- Modern 2-level townhouse featuring 3 bedrooms, 2.5 bathrooms, a double garage, and air conditioning.
- Includes a large courtyard and two storage areas.
- Spacious, professional office on title with a separate entrance.
- Located in a beautiful and convenient area.
- Priced at $1,700,000, including a quality 3-bedroom manager's townhouse.
The perfect combination of a quality lifestyle and easy, high income.
Stop searching - your ideal opportunity is right here!
Net Profit: $188,232
Asking Price: $1,700,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $1,700,000
- Net Income: $ 188,232
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 860,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.5
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?