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85% salary with a 4 bedroom dream home
$1,360,000
Permanent management rights, Sinnamon Park QLD
Located in the prime location of Sinnamon Park, Brisbane West. Close to highways and schools, with additional amenities nearby including large shopping centers, gyms, and golf courses, offering both convenience and lifestyle.
With remuneration accounting for over 85% of income, the revenue is highly stable, with a 21-year agreement. The manager unit is a spacious four-bedroom townhouse with two bathrooms that suit perfectly for family. It is also available to rent out, current weekly rent for $600 per week, which can serve as an additional source of income.
Contact exclusive agent now to schedule your inspection and seize this rare opportunity!
More Information
- Total Purchase Price: $1,360,000
- Net Income: $ 121,548
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
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?