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ONLY 3.16 Multiplier in Nundah - ID 9146
$1,399,000
Permanent management rights, Nundah QLD
Permanent Management Rights for Sale
Genuine Retirement Opportunity & Quality 3-Bedroom Townhouse
Can you believe it? What a bargain! Its REAL and a fantastic business opportunity with nothing wrong.
Genuine retirement of the senior manager, who has built a solid foundation for the next manager to achieve stable success.
- High body corporate salary: $118,725 plus GST, with annual CPI increases.
- Net operating profit: Approximately $182,656.
- 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.
- Additional income opportunities for a proactive new manager.
- Renovated, quality townhouse featuring 3 bedrooms, 2 bathrooms, and 2 car spaces.
- Thoughtfully designed and well-maintained property with a large, beautiful backyard perfect for relaxation.
- Air-conditioned with multiple fans to ensure year-round comfort.
- Super convenient location: Close to restaurants, shopping centres, train station, bus stops, major roads, and quality schoolsall within walking distanceyet situated in a peaceful, serene setting.
- Total asking price: Only $1,399,000, including the quality 3-bedroom townhouse.
If you're looking for a high, stable income with excellent potential for additional earnings, combined with quality townhouse living, this is an opportunity you cant afford to miss. Call now to learn more!
Net Profit: $182,656
Asking Price: $1,399,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,399,000
- Net Income: $ 182,656
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.2
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?