Centrally in Valley, Easy Permanent, No Living Onsite
$1,985,100
Permanent management rights, Fortitude Valley QLD
- Perfectly located in the prestigious heart of Fortitude Valley, offering inner city charm
- Walk to China Town and CBD in minutes, close to all the necessary amenities, vibrant and distinctive award-winning dining, shopping, beauty, health&wellbeing precinct and an easy stroll to James Street or The Emporium
- Complex very popular with renters, since so close to all the public transport this makes it ideal for the inner-city lifestyle for tenants
- Body Corporate very good and supportive to work with
- Detached office on ground floor, no set office hours
- Very well run complex, all procedures documented
- Long agreement 23 years left on a 25 years accommodation module
- Easy caretaker workload, no pool, no garden, no gym, no BBQ, small lobby
- Fantastic Body Corporate salary of $140k, with annual CPI adjustment every June
- Modern and spacious manager residence on Level 6 - two bedrooms, two bathrooms, one huge open living area with large indoor entertaining balcony and two carparks
- Ideal for a family looking for a solid income and great lifestyle
This is the Goldilocks complex, offering an easy lifestyle and solid business. Just Right!
More Information
- Total Purchase Price: $1,985,100
- Net Income: $ 243,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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?