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Only 3.56 Multiplier Inner Brisbane - ID 9146
$1,408,000
Permanent management rights, Nundah QLD
Permanent Management Rights for Sale
Genuine Retirement & 3 Bed Quality Townhouse
- High body corporate salary of $118,725 plus GST, with annual CPI increases.
- Net operating profit of approximately $174,619.
- No set office hours all permanent rentals with a letting pool of 26 units.
- Long 25-year agreement with 22 years remaining.
- Supportive and friendly committee and body corporate.
- Genuine retirement of the senior manager, who has laid a solid foundation for the next manager to take over and achieve stable success.
- Additional income opportunities available for a new, proactive manager.
- Renovated quality townhouse featuring 3 bedrooms, 2 bathrooms, and 2 car spaces.
- Thoughtfully designed and meticulously maintained property with a large, beautiful backyard perfect for relaxation.
- Air-conditioned with multiple fans to ensure comfort.
- Super convenient location, close to restaurants, shopping centers, train station, bus stops, major roads, and quality schools-all within walking distance-yet situated in a peaceful setting.
- Total asking price is only $1,408,000, including the quality 3-bedroom townhouse.
If you want a high, stable income with great potential to earn more, plus quality townhouse living, this is the one you cant afford to miss. Call now to find out more.
Net Profit: $174,619
Asking Price: $1,408,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,408,000
- Net Income: $ 174,619
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 785,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.6
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?