Near New First Class Permanent Management Rights For Sale
$1,434,000
Permanent management rights, Eight Mile Plains QLD
Key Features:
ManagerResidence:
Lovely appointed Managers Unit with 4 bedrooms and 2.5 bathrooms
Spacious office on title
Features:
- Submerge yourself in all the fun and activitiesEight Mile Plainshas to offer
- Most popular suburb in Australia
- Excellent Body Corporate salary (guaranteed income) increase every year
- Letting pool has room to grow with more units coming into the letting pool
- Fantastic location
- Highly sought after by tenants
- Just have a look at the high demand, established infrastructure surrounding your doorstep
- This is an absolute gem of a permanent letting businessand will be sold to The genuine buyer
All written offers will be presented to the vendor.
The vendor has had a good time with this business and you will have a good time with this business.
Inspection and more info contact The SIRE Team Now!
For more exclusive listings go to http://www.siremanagementrights.com.au/
More Information
- Total Purchase Price: $1,434,000
- Net Income: $ 170,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 499,000
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?