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Business Only, 5% Remuneration Increase, 24 Years Permanent @ Inner City East
$513,688 Business Only
Permanent management rights, Morningside QLD
- Business Only permanent management rights with Nett $91,730
- Sought-after suburb Morningside, within a 6 kilometre radius of the CBD
- Fantastic Body Corporate salary of $53,943, with annual increase by CPI or 5%, which is greater
- Very well run complex and well established and steady business, all procedures documented
- Long Agreements on accommodation module - 24 years (by the Latest Top-up)
- Easy caretaking workload, one person as part-time
- Small letting pool to give you an undisturbed lifestyle
- No office hours, be contactable during normal hours
- No manager residence, no requirement to reside on site
If you want to buy a solid management right business and undisturbed lifestyle, it ticks all your boxes, please book your inspection immediately with Exclusive Agent - NEXT
More Information
- Total Purchase Price: $513,688 Business Only
- Net Income: $ 91,730
(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