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Mixed Brisbane state high catchment Gold, Long term staff, easy to manage
$3,239,000
Permanent management rights, South Brisbane QLD
Business:
Net Income $565,601 p.a.
Salary $311,169 CPI increase every year
21 Years agreement on offer
NO OFFICE HOURS
Office Asking Price $129,000
Great location
Brisbane State High Catchment,
Walk to South Brisbane train and bus station, QPAC, Qld Museum, Brisbane Convention centre, West Village, the Brisbane River, and a few more minutes to all that South Bank and Brisbane CBD has to offer.
Short walk to nearby shopping, cafes and eateries in West End as well as to schools including the prestigious Brisbane State High School.
So, this management rights offers options to live off site, an exceptional location, and huge potential to increase net income. An inspection will not disappoint.
Contact The SIRE Team now for more information or book for an inspection.
More Information
- Total Purchase Price: $3,239,000
- Net Income: $ 520,601
(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: 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