Remuneration Only - Simply and Solid!
$220,000
Permanent management rights, Albion QLD
This is an outstanding opportunity to buy management rights in Albion on the ever popular Central Albion. Only 4km from Brisbane CBD and closely linked to everything the inner north has to offer! Close to Brisbane's best restaurants and lifestyle precincts, including Gasworks Plaza, Portside Wharf, Racecourse Road, James Street and Fortitude Valley. Neighboring the picturesque Crosby Park and Alan Border Fields
- Situated in the heart of the Albion village precinct
- Well- presented complex provides the perfect environment to relax in
- Body Corporate very fantastic and supportive to work with
- Long agreement - 19 years left on a 25 years accommodation module
- Great manager remuneration $39,273 with annual adjustment of CPI or 4%, which is greater, every November
- No lettings, no tenant hassles, no office hours, no pool, no BBQ, give you an undisturbed lifestyle
- Ideal for a family or semi-retired couple looking for a solid income and easy lifestyle
This complex is easily managed by one person part time, this business ticks all your boxes, Simple Really!!!
Please book your inspection now with Exclusive Agency - NEXT team!
More Information
- Total Purchase Price: $220,000
- Net Income: $ 39,273
(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
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?