Unlock Success with This Prime Management Gem in the Western Suburbs!
$450k MR&$600k Unit = Total $1.050M
Permanent Management Rights, SINNAMON PARK QLD
Explore this exceptional management rights opportunity situated in the highly sought-after Western Suburbs. Conveniently located near a major shopping center and essential amenities, this complex promises accessibility and comfort.
Currently managed by a single individual, the property includes a cozy manager's unit complete with all necessary amenities. Featuring a manageable workload and robust income, this offering is attractively priced for a swift sale.
The complex is set within a landscaped gated community with a picnic area furnished with tables and chairs.
Key Financial Details:
- Net Profit: $147,000 (supported by a strong Body Corporate salary)
- Unit Price: $600,000
- Business Price: $450,000
- Total Price: $1,050,000
- Additional Advantages:
ADDITIONAL BENEFITS:
- No mandatory onsite residency requirement.
- Option to secure the office and operate the business remotely.
- Potential rental income from the manager's unit: $630 per week (not reflected in P&L).
Act quickly to seize this outstanding opportunity.
***Ras 360 Property Solutions - Management Rights |Motels | Hotels | Pubs | Parks ***
More Information
- Total Purchase Price: $450k MR&$600k Unit = Total $1.050M
- Net Income: $ 147,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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?