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Great Northside Complex in the heart of Nundah
$750k MR&$649k Unit = Total $1.399M
Permanent Management Rights, NUNDAH QLD
-Accommodation Module
-Long-term Agreements in place (23 years left to run)
-Documented Systems & Procedures (both digital & hardcopy)
-Caretaking Salary $118, 725 increased in April each year by CPI rate
-Good working relationship with Body Corporate
-Body Corporate very cooperative and proactive
-Scope for increasing income through minor repair & maintenance jobs in units (sliding door rollers, flyscreens, small painting jobs
-Grounds & pool in good condition and easy to maintain
-Ride-on mower & trailer, lots of new/well-maintained grounds equipment
-Established relationships with reliable & competent tradespeople who will attend after-hours in an emergency
-Up-to-date WH&S certification
-Business currently operated by 1 person with contracted grounds person taking care of lawns, gardens & pool each day.
*** Ras 360 - Management Rights |Motels | Hotels | Pubs | Parks ***
More Information
- Total Purchase Price: $750k MR&$649k Unit = Total $1.399M
- Net Income: $ 182,344
(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