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High Net Income & Easy Duties â ID 9180
$1,660,000
Permanent management rights, Wynnum West QLD
Permanent Management Rights for Sale
Spacious Free-Standing House in a Prime Location
- High Net Profit: $186,004 per annum.
- Spacious Managers Office: Included on title and extremely large.
- Letting Pool: Comprises 18 permanent rentals, ensuring manageable operations.
- Effortless Caretaking: Simple tasks with no set office hours, giving you flexibility for other pursuits or leisure.
- Attractive Body Corporate Salary: $114,721 plus GST, with guaranteed annual increases of at least 3% or CPI (whichever is higher), providing stable income growth.
- Magnificent Managers Residence: A rare, freestanding large house featuring 3 bedrooms, 2 bathrooms, 2.5 car accommodation, a huge courtyard, and ample storage.
- Future Value: The house alone is expected to appreciate significantly in value in the near future.
- Prime Location: Extremely convenient, with schools, shopping centres, public transport, medical facilities, and parks all within walking distance.
- Genuine Reason for Sale: Due to family circumstances, this incredible opportunity is now on the market.
- Asking Price: $1,660,000, including the spacious, independent house.
Live your best life, work less, and earn more in a fantastic environment.
This is a truly exceptional business opportunity paired with a magnificent residence - theres nothing to fault here.
Stop searching - you wont find another opportunity like this for at least a decade.
Call Bill He now to secure it. Be quick before its gone!
Net Profit: $186,004
Asking Price:$1,660,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: $1,660,000
- Net Income: $ 186,004
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.9
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?