Business Only in New Farm
BUSINESS ONLY - 20.7% ROI
Permanent management rights, New Farm QLD
Two complexes positioned only 450m apart in the prime suburb of New Farm!
Run as one business including 5 external managements all located within 1-2 kms away.
Super strong rents for every unit under management!
Remuneration of $6,511 + GST each month which allows you some good lifestyle choices!
This is a role for one person and then its not full time either!
Duties are standard and nothing extraordinary.
Net Operating Profit verified by Archer Gowland Redshaw.
Average multiplier of only 4.8 times!
Seller moving on to other projects.
Call / Email Greg Jorgensen today to obtain both the comprehensive Business Profile and Verification Report
More Information
- Total Purchase Price: BUSINESS ONLY - 20.7% ROI
- Net Income: $ 178,622
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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?