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Business Only! 25 years agreement!
$400,000+
Permanent management rights, Taringa QLD
Best location with just a 10-minute drive to Brisbane city and a 1-minute drive to Indooroopilly Shopping Centre, close to UQ, with no worries about finding tenants. No need to buy a manager's apartment, no onsite requirements. All one- and two-bedroom units, mainly rented out to tenants, with a high chance to expand the letting business. The salary accounts for 90% of net income, ensuring an extremely stable business, with only 6 office hours per week. A brand new 25-year contractan opportunity not to be missed!
Contact exclusive agent for more details.
More Information
- Total Purchase Price: $400,000+
- Net Income: $ 72,000
(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