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Lower Multiplier Down to 3.38 Brisbane North â ID 9137
Low to Mid One Million
Permanent management rights, Nundah QLD
- Perfect operation in place, easy for new manager to continue seamlessly
- No set office hours, allowing for simple and flexible work at your own pace
- Stable, high-percentage Body Corporate salary: $122,548 plus GST
- High net profit: $163,500
- 25-year agreement with more than 23 years remaining
- All permanent rentals: 22 units in the letting pool, 11 managed by outside agents
- Spacious, modern 2-bedroom, 2-bathroom apartment with 2 secure car spaces, air conditioning, multiple balconies, and a large, attached office (can serve as a 3rd bedroom), totaling over 120 square meters
- Solar panels installed for reduced electricity costs
-Every detail is in excellent conditionrare to find a managers unit of this quality on the market
-Second professional office near the pool area and plenty of storage
- Beautiful, peaceful, and quality complex in a convenient location
- Urgent sale due to private reasonsall reasonable offers considered
- Price guide: low to mid one million (including the 2-bedroom apartment with attached office)
- No requirement to live onsite - negotiable
- Low multiplier: reduced to 3.38
Contact Bill He on 0 for more details.
Earn More and Live BetterThe BEST CHOICE IS RIGHT IN FRONT OF YOU!
Net Profit: $163,500
Asking Price: Low to Mid One Million
(including high-quality modern 2 bed-room apartments with additional large office attached)
NEGOTIABLE
More Information
- Total Purchase Price: Low to Mid One Million
- Net Income: $ 163,500
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?