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BRISBANE BAYSIDE - BUSINESS ONLY OPPORTUNITY
$598,000
Permanent Management Rights, WYNNUM WEST QLD
With no Real Estate to purchase this modern, simple and compact Management Rights operation is now offered for sale.
Manageable duties and 23 years to run on agreements make this townhouse complex ideal as an add-on business or single person operation.
The Wynnum West location is enjoying strong growth and rental demand from those attracted to the bayside lifestyle.
Just a short walk to Wynnum Plaza shopping and cafes, and close to M1, public transport, good schools, sporting / health facilities and waterfront activities.
Profit and Loss statement by an industry accountant shows a Net Profit of $110,000 for the twelve months to 30th April 2024.
More Information
- Total Purchase Price: $598,000
- Net Income: $ 110,000
()
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