MANAGEMENT RIGHTS North Side
$1,364,000
Permanent Management Rights, NUNDAH QLD
Exciting Management Rights Business Opportunity in Brisbane, QLD!
Are you ready to seize your future with enthusiasm? Look no further! This fantastic opportunity awaits in an inner northside suburb of Brisbane, QLD. With 23 years remaining on the accommodation module, this business offers incredible potential in the permanent letting sector.
Situated in a prime location close to a trendy village and excellent schools, this management rights business promises a bright future. The upside potential in the permanent letting business is limited only by your creativity and drive.
Enjoy not only a thriving business but also a generous caretaking salary of $100,000. Featuring a generous three-bedroom Manager's apartment, complete with two bathrooms, two balconies, and two secure basement car parks, this package is designed for comfort and convenience. Plus, enjoy exclusive use of an office space to streamline operations.
Here's a snapshot of what awaits:
- Apartment price: $590,000 (below bank valuation)
- Business price: $774,000 (at a 4.7 multiplier)
- Total: $1,364,000 (negotiable for a qualified buyer)
Don't miss out on this incredible opportunity to secure both a home and a thriving business. Buyers with a full Real Estate license are encouraged to explore this deal further.
Contact your Ras360 Rights Broker today for more details on this exceptional home and business package. Don't let this opportunity slip away!
Agents
Malcolm O'Farrell 0423 091 151 or
Robert Collins 78792 or
More Information
- Total Purchase Price: $1,364,000
- Net Income: $ 165,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 590,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.7
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?