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The very best Management Rights in the inner West!
$2,600,000
Permanent management rights, Toowong QLD
Those that understand the Management Rights industry will immediately see why this Permanent MR business is Management Rights Gold:
- $403,515 net income with a 15.5% ROI (verified by Holmans Accountants)
- Body Corporate Salary of $173,523 p/a increased annually by CPI
- Internet income of $28,000 p/a and growing
- 25 year caretaking and letting agreements with 24.5 years remaining
- No real estate to buy and no requirement to live onsite
- No set office hours
- Body Corporate provides all required tools and equipment and pays for all consumables
- No BBQs, no gym and minimal gardens to maintain
- Separate private office and plenty of storage space under occupation authority
- 113 units with 58 in the letting pool and 13 outside lets
- High quality units with current rental range of $700 to $1000 per week & continuing to increase
In a fantastic location in the inner West of Brisbane this business ticks all the boxes and also provides opportunities for continued growth.
These modern residential complexes offer a unique investment opportunity in the thriving Brisbane management rights market.
Inspections are by appointment only.
Qualified/licenced and experienced operators only please.
Please call 0497 837 153 or email mrsalesqld@ to arrange an inspection.
More Information
- Total Purchase Price: $2,600,000
- Net Income: $ 403,515
(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