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No unit to buy, business only
$810,000
Permanent management rights, Thornside QLD
Discover the charm of contemporary living in our immaculate complex, which has only been around for four years. The complex is located in a prime area, quiet and conveniently accessible. Next to it is a kindergarten. Faces a large green park, offering a beautiful and tranquil environment. Your urban haven provides simple, easy living with an emphasis on minimalism. There is only one pool area, no gym, no BBQ area, and the complex is easily run by one person. It's the easiest way to manage your lifestyle, with most renters and least amenities. Because of the agreement's lack of onsite residency requirements, the manager has more freedom and opportunities to raise the ROA.
TOTAL NUMBER OF UNITS : 55
UNITS IN LETTING POOL : 31
Net Profit : $141,615.00
Contact Amy 0494 047 580 now for an on-site inspection.
More Information
- Total Purchase Price: $810,000
- Net Income: $ 141,615
(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: 5.7
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