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Solid Permanent Management Rights in Sinnamon Park
1,485,000
Permanent management rights, Sinnamon Park QLD
NEXT Realty presents a great opportunity of a solid permanent management rights in Sinnamon Park.
- Complex very popular with tenants
- 20+ Long agreements on agreement
- Spacious separate office, no set office hours
- Small letting pool (12 lettings) to give you an undisturbed lifestyle
- Fantastic Body Corporate salary $108,658, with annual increase by 3% or CPI
- Very well-run complex and well-established/steady business, all procedures documented
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
This is a rare opportunity to purchase such a beautiful lifestyle permanent management rights! Come and take a look, we are sure you will be impressed!
More Information
- Total Purchase Price: 1,485,000
- Net Income: $ 131,434
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 885,000
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?