Permanent MR business offering great potential upside and a lucrative Body Corporate Salary exceeding $100K
$1,158,000
Permanent Management Rights, HIGHLAND PARK QLD
RAAS is pleased to present an exclusive opportunity to acquire the Permanent Complex's management rights and associated real estate.
Exclusive Opportunity: RAAS presents an exclusive chance to acquire the management rights and associated real estate of the Permanent Complex.
Comprising of just 53 units, Panorama Palms is a quiet townhouse complex nestled in bush land.
Residents enjoy 24-hour CCTV surveillance, gardens & open lawns throughout, Large swimming pool, kids wading pool & BBQ area and frequent visits from birds, koalas, kangaroos & other wildlife.
This safe, family-orientated community attracts the highest quality tenants and residents alike.
Three generous bedrooms with built ins and ceiling fans. Air-conditioned living, dining and kitchen area. Solar panels installed.
Call Kerrie Lush 93
More Information
- Total Purchase Price: $1,158,000
- Net Income: $ 148,387
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 630,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.6
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?