Price reduction for quick sale! Business-only Management Rights $178k Net | Resort Brokers ID : MRB007834
$996,749
Permanent Management Rights, Everton Park QLD
This high-quality permanent townhouse management rights business is located in the desirable suburb of Everton Park. Set up as a profitable business-only management and letting right opportunity, there is no real estate to purchase or office hours specified. As a premium complex, there is great letting income with 36 of the 52 apartments in the pool, with rentals always in high demand. Perfect for operators seeking an add-on with dependable income or as a base to develop a ready-made business in a fantastic area.
- Total of 52 townhouses - 36 in the letting pool
- High Net profit verified by industry accountant c. $177,991
- Underpinned by strong BC salary of $64,410
- Accommodation Module (25 year agreements, 20 plus years remaining)
- No set office hours
- No real estate to purchase or requirement to live onsite
- Premium product with strong rental yields
- All inspections by appointment only
Date updated: 21 Apr 2024 23:00:04
More Information
- Total Purchase Price: $996,749
- Net Income: $ 177,991
(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?