Bay Side Beautiful This Could be You
$1,298,000
Permanent Management Rights, CAPALABA QLD
Immaculately presented, this expansive complex stands as a hallmark at the Gateway to the Bay-side, offering serenity and privacy. Featuring a spacious three-bedroom Manager's townhouse with a generous office space and undercover parking for two vehicles, it epitomizes refined living. Situated in a burgeoning area, this complex presents an exceptional investment opportunity.
Net Profit: $135,000
Manager's Unit:
Three-bedroom, two-bathroom townhouse
Price: $649,000
Business Price: $649,000
Total Price: $1,298,000
Additional Details:
Impeccably presented complex at the Gateway to the Bay-side
Quiet and private environment
Manager's townhouse features a large office and undercover parking for two cars
Located in a booming area with strong growth prospects
Easy-to-run business with manageable maintenance tasks
Co-operative and non-interfering committee support
64 units in total, with 20 currently in the letting pool and potential for further expansion
Anticipated rise in rents in the near future
Opportunity to increase income through the utilization of a handyman for maintenance tasks currently outsourced
Moreover, optimizing revenue streams is achievable, particularly through the utilization of a handyman to undertake tasks currently outsourced to external contractors.
For inquiries and further details, please contact the Exclusive Agent, Robert Collins, at your earliest convenience via email at or by phone at 78792.
More Information
- Total Purchase Price: $1,298,000
- Net Income: $ 135,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 649,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.8
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?