Proudly supported by all of the industry's leading brokers
Perfect choice for first-time buyer with large manager unit
$1,750,000
Permanent management rights, Northgate QLD
Located in a beautiful and peaceful suburban area, this community is close to train station, schools, retail shops, and public transport facilities. Just 10 km from the Brisbane CBD, and 10 minutes drive to Brisbane Airport, making it ideal for families to live. Also, it's only three express stops to the city, boasting an excellent location that attracts many tenants.
With a 21-year long agreement and 5% annual remuneration growth, current salary already contribute to 65% of net income. A large manager unit, with three bedrooms, double lock up garages and a spacious office of 28 sqm. This opportunity for a rare and lucrative business is not to be missed. Contact exclusive agent for more details.
More Information
- Total Purchase Price: $1,750,000
- Net Income: $ 192,117
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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
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?