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Motivated Vendor, Open to All Reasonable Offers
Vendor must sell. All genuine offers will be considered.
Permanent Management Rights, NORTH LAKES QLD
Motivated Vendor Open to All Reasonable Offers
Experience modern living and fantastic income potential at NEO NORTH LAKES, a standout complex in the heart of North Lakes that combines convenience, comfort, and opportunity.
- Flexible Living Options: With no requirement to live onsite, you can choose to live in the manager's unit or rent it out for extra income. The complex features low-maintenance gardens and green spaces, making it one of North Lakes' most desirable places to live.
- Solid Financials: Enjoy a net operating profit of $251,945, including a residential body corporate salary and a commercial salary totalling $145,488.
- Commercial Aspect: Adjoined by 12 commercial offices, including a caf at the front, the complex enjoys extra demand for its residential units.
- Prime Location: Youre only minutes from key amenities like Westfield shopping centre, medical services, and schools, adding to its appeal for residents.
- Comfortable Managers Unit: The spacious 2-bedroom, 2-bathroom manager's unit comes with an adjoining office on title, providing both a comfortable living space and a functional management hub.
- Simple Management: The complex runs on a well-established system, making day-to-day operations smooth and leaving room for future profit growth.
- Smart Investment: This is a rare opportunity to secure strong returns in a growing area, offering both lifestyle and financial rewards.
Dont miss out on this exceptional opportunity to invest in a thriving business. Contact Malcolm O'Farrell today to lock in NEO NORTH LAKES and take the next step towards financial success and a flexible lifestyle.
** Ras360 Property Solutions Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
More Information
- Total Purchase Price: Vendor must sell. All genuine offers will be considered.
- Net Income: $ 251,945
(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