Lower Multiplier Management Rights with High Income in Darwin
$2,186,448
Permanent management rights, Darwin NT
Take advantage of this rare chance to acquire the management rights of two modern apartments in the thriving city of Darwin. With an exceptional location in the CBD, residents enjoy the convenience of being just a short stroll away from an array of fantastic shops, renowned restaurants/cafes, the Entertainment Centre, and a cinema, creating an enticing lifestyle for tenants.
These apartments offer more than just an enviable location. Boasting 24-hour CCTV and a secured undercover car park, the safety and security of residents are prioritized.
The real gem lies in the business's potential - a generous letting pool comprising 140 units awaits the new owner. Experience the advantages of high Body Corporate salary and an impressive net income while enjoying the added benefit of a low workload. The management rights for these apartments have been designed to offer a seamless operation with minimal effort.
Darwin's thriving rental market further enhances the appeal of this business opportunity. With high rental demand, managing these apartments becomes effortless, ensuring a steady stream of income for the discerning buyer.
Don't miss out on this incredible offer! Contact us immediately to explore the possibilities of acquiring this lucrative management rights business. Our team of experienced professionals is ready to assist you in navigating the process and ensuring a seamless transition.
Please note that conducting thorough due diligence is crucial, and we encourage you to seek independent advice before making any significant investment decisions. Act now and secure your future in Darwin's vibrant property market!
More Information
- Total Purchase Price: $2,186,448
- Net Income: $ 637,771
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 400,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.8
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?