PRICE DROP!! Only a 2X Multiplier!
$730,000
Permanent management rights, Mount Gravatt East QLD
Located in this highly sought after Mount Gravatt area, this business has everything you want.
Situated in the southern suburbs of Brisbane, this property is surrounded by some of the top educational facilities in the region, including Mansfield State High School, Wishart State School, TAFE College and others. You'll also have easy access to some of Queensland's largest shopping precincts, such as Westfield Garden City (Mount Gravatt) and Westfield Carindale, which are only a 10-minute drive away.
* Verified operating net profit $83.182 at February 2023
* The Lowest asking multiplier at only 2.0 times - reflecting a Sell It Now!
* Three bedroom, two bathroom manager's town-home plus office and reception area
* Workload is easily manageable by a single person
* The complex comprises a total of 63 units, with 15 in the letting pool, providing numerous opportunities for growth
The vendor is highly motivated to sell and is committed to retiring, making this an exceptional opportunity for anyone seeking a management rights business in this sought-after location. All offers will be considered. Act quickly and seize this fantastic opportunity today!
Call Sheena Chen on 5 or Greg Jorgensen on 0407 721 335 today to discuss, receive the documentation package and to arrange a one-on-one inspection.
More Information
- Total Purchase Price: $730,000
- Net Income: $ 83,182
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 565,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.0
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?