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Multiplier 5.1, Newly topped up to full 25 Years, No onsite living requirement, No gate to manage, No Office Hours
$1,616,000
Permanent management rights, Richlands QLD
Business highlights:
- Stable Income Structure: Salary accounts for 54% of total revenue, with annual increases in line with the Consumer Price Index (CPI).
- Lifestyle Flexibility: No requirement for the manager to live onsite (but it is required that a designated helper resides somewhere within the complex). no gate to manage, and no office hours.
- Extended Agreement: Newly topped up to a full 25 years for long-term security.
- Lucrative Letting Pool: Generates $88,000 from managing a letting pool of 34 properties, comprising 48% of the total 71 properties in the complex, ensuring strong managerial control and operational ease.
- Caretaker Protection: The committee does not have the authority to issue breach notices to the caretaker. Caretaker is not required to work on weekends or public holidays.
- Ideal Caretakers Unit: Spacious 3-bedroom, 2.5-bathroom townhouse with an office and double lock-up garage, suitable for family living. The unit includes an additional room behind the office, ideal for work or relaxation, and offers rental income potential if rented out. another room behind the office, making the office and the room a perfect place for both work and relaxation. To earn rental income if renting out the unit.
- Prime Location: Close proximity to schools, shopping centers, and easy access to M5 and M7 highways.
DISCLAIMER
The agent gives notice that:
1. The figures and information disclosed in this Information Memorandum are provided by the vendor. All intending purchasers are to make their own enquiries and assessments as to the accuracy or otherwise of the information supplied by the vendor.
2. It must be noticed that agent has no access to full sets of accounts or legal documentation for verification purposes. No liability for the information will be accepted by the agent and parties should make their own investigations as to the accuracy of these figures and information.
More Information
- Total Purchase Price: $1,616,000
- Net Income: $ 189,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.1
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?