BAYSIDE BEAUTY MANAGEMENT RIGHTS FOR SALE
$1,368,000
Permanent Management Rights, MANLY WEST QLD
One of the better presented and often admired complexes on Brisbane's bayside is now offered for sale. The business supports a stable income with a guaranteed Body Corporate salary each August. The letting pool is made up of 13 units in the complex and 1 unit in the adjacent complex making a total of 14. The grounds are laid out for easy maintenance and takes just a few hours per week to attend too. The swimming pool area provides a lovely environment for the relaxation and use of the residents. The Manager's residence is a very spacious three bedroom villa, boasting new bench tops and basins in the kitchen and bathrooms. The kitchen has plenty of storage space plus a large pantry. The open plan living area opens out to a covered patio area which provides privacy while relaxing or entertaining. There are 3 generously sized bedrooms, all carpeted with built-in robes and two with air-conditioning. Living areas are tiled. The office has internal access and is on title. The double garage is currently divided by an internal partition to provide for either a 4th bedroom, rumpus room or playroom for the youngsters and is air conditioned. It can easily be converted back to a double garage if desired. The location lends itself to all those creature comforts we need in life from a range of educational state and private schools, including Moreton Bay Girls and Boys Colleges, child care facilities within 3 kilometers, medical center only 180m walk and shopping centers with Woolworths and IGA Supermarkets less than a kilometer away. Transport needs are provided by train with the station being 4 kms away and buses just a short walk from the complex. There are numerous sporting grounds close by and a 10 minute drive will have you on the Manly waterfront with its' cafes, restaurants and Royal Queensland yacht Squadron headquarters. If you are looking to enter the Management Rights Industry or just wanting a change of pace from that larger complex please don't let this opportunity pass you by. Contact your Joint Exclusive Broker Robert Collins on 78792 or to arrange an early inspection.
More Information
- Total Purchase Price: $1,368,000
- Net Income: $ 128,345
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 849,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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?