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Seller Near Retirement - Priced to Sell at Only 2.5X!
2.5X MR Business @ $162k + Below Market Manager Unit @ $598k
Permanent Management Rights, SHAILER PARK QLD
Seller Near Retirement - Priced to Sell at Only 2.5X!
This is a rare fire-sale opportunity for a turnkey management rights business in Shailer Park! With a net profit of $64,648, a secure $56,020 Body Corporate salary, and no set office hours, this is priced to move fast at just 2.5X multiple!
Why This is an Absolute Steal:
- Massive Value - Only 2.5X Multiple!
- $64,648 Net Profit with $56,020 Guaranteed Body Corporate Salary
- Low-Commitment Management - No office hours, just reasonable availability
- 10 Units in Letting Pool - Steady income with room for growth
- Renovated 3-Bedroom Townhouse - Air-conditioned, private courtyard, garage
- Prime Location - 5 mins to Logan Hyperdome & Meadowbrook Golf Course, near John Paul College, Griffith Uni, and M1 (Brisbane 30 mins, Gold Coast 35 mins)
- Top-Up to 25 Years Submitted - A motion to extend agreements to 25 years has already been submitted for the upcoming March AGM, securing long-term value for the new owner
Retiring Seller Wants a Quick Deal - Act Fast!
This is priced to sell, and opportunities like this dont last long. Make an offer before its gone!
More Information
- Total Purchase Price: 2.5X MR Business @ $162k + Below Market Manager Unit @ $598k
- Net Income: $ 64,648
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 598,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?