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OTP MR Opportunityâ Bayside Location
$1,120,000
Permanent Management Rights, SEVEN HILLS QLD
Located in a highly desirable Bayside area, this management rights business offers a fantastic lifestyle, with close proximity to beaches, parks, and essential amenities. This prime location ensures strong rental demand and long-term growth potential.
175 Units in total a mix of residential apartments and rental properties, including 25 Rentals currently under management, creating immediate income potential.
25-Year Agreement, providing long-term security and a stable foundation for growth in this expanding area.
$249,385 Annual Income A solid income stream with ample room for future growth as the property develops.
WIth exclusive use of an office and storeroom, providing a convenient, dedicated space for operations and ample storage for supplies. This business is Off the Plan, providing a unique opportunity to enter a growing development with excellent future potential as the project matures.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $1,120,000
- Net Income: $ 249,384
(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: 4.5
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