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BUSINESS ONLY WITH MULTIPLIER OF 4.8X
$541,930
Permanent management rights, Petrie QLD
A Business Only in Petrie.
A modern 46-townhouse complex just 9 years old with no swimming pool and no recreational facilities makes this a very good investment and a great step into management & letting rights! The location to the University of Sunshine Coast - Moreton Campus is only 10m walk away. This is a significant factor in keeping a strong letting pool going forward!
The demands upon the manager, after looking after the 23 properties in the letting pool, extend to gardening and arranging common area maintenance via contractors. Time spent on gardening is only 1/2 to 1 day each week. Of course, there's also the obtaining of trades to come in and work on common property items, but all-in-all, this is a ONE PERSON ROLE and even then not a full-time role. There is one external management within the 23 under management, a detached house, with that income ($3,240) being treated separately at a 2 times multiplier. The management rights business has a Verified $109,276 net operating profit, which has a 4.9 times multiplier.
COMBINED INCOME is $112,516!
This is a perfect entry level management rights business OR an excellent add-on to an existing business.
Call Greg Jorgensen on 0407 721 335 today to obtain the detailed Business Profile and Accounting Verification report.
More Information
- Total Purchase Price: $541,930
- Net Income: $ 112,516
(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: 4.8
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