High Income, Low Effort - ID 8967
$2,450,000
Permanent management rights, Labrador QLD
Permanent Management Rights for Sale
Less Work with Flexible Hours
- Very limited work with the flexibility to work at your own pace.
- No set office hours, only mobile contactable for convenience.
- Well-maintained high-quality waterfront building.
- High body corporate salary of $178,966 plus GST.
- 25 years' long-term agreement with 20 years remaining.
- High net operating profit of $221,800.
- All permanent rentals in a large complex with a letting pool of 10, presenting great potential for additional income.
- High-quality, spacious, modern apartment with 2 bedrooms, 2 bathrooms, 2 security car parking spaces, air conditioning, and fans.
- Professional front desk, office, and storage facilities pet-friendly.
- Beautiful and peaceful waterfront environment.
- Great location, close to cafes, restaurants, public transport, parks, shops, etc.
Total asking price is only $2,450,000 including very spacious high-quality modern waterfront manager unit. (real estate $1,350,000 business $1,100,000).
If you want the best waterfront quality living with high-income, less work and more free time, this is the one you cant afford to miss.
Net Profit: $221,800
Asking Price: $2,450,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $2,450,000
- Net Income: $ 221,800
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,350,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.0
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?