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$376,000 PROFIT. LIVE OFF-SITE. SOUTH OF BRISBANE
$2,681,300
Permanent Management Rights, WOODRIDGE QLD
A popular residential complex with generous two-storey townhouses offering a private urban retreat, south of Brisbane.
Option to live off-site.
Body Corporate Salary of $174,000 representing almost 50% of total net profit. Over 20 years remaining on Management Rights agreements.
An historically stable rental pool with plenty of scope to increase this income by way of accumulating lets from existing outside real estate agents.
Excellent return on investment with real estate component of only $460,000; being a 3-Bedroom, 1.5 Bathroom, 3 car townhouse with office attached.
This well maintained and presented gated townhouse community has a very supportive Body Corporate Committee. The complex features in-ground swimming pool, tennis court, BBQ area and kids play area.
Picture perfect for investors and in demand for tenants, this Management Rights business is ideally located close to school, shops, IKEA, restaurants, and public transport with easy access to the Gateway and Logan motorways. Make the most of the beautiful Queensland weather and take to the outdoors at nearby Karawatha Forest Park and explore the Karawatha Forest Discovery Centre.
Contact me now for an on-site inspection.
More Information
- Total Purchase Price: $2,681,300
- Net Income: $ 376,500
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 460,000
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?