Townsville Permanent Management Rights Business
Offers Invited
Permanent management rights, North Ward QLD
Changed Personal Circumstances - Vendor Must Sell
Developed and constructed in 2009 Jade Apartments enjoys an excellent location in Townsville within an attractive and sought after residential area close to the beaches and within ten minutes of the CBD and Townsville Airport. Accordingly, this permanent letting complex has strong letting demand. The complex was designed and built to meet exacting standards and the landscaped grounds and tenant facilities round out an attractive offering to tenants and residents alike.
There is elevator access to all levels, three pools and a spa. Secure tenant parking is provided under cover.
The business has performed consistently over the past decade and more and given the location and superior standards, enjoys strong letting demand. At Jade the Body Corporate agreements currently have around 20 years to run and an attractive BC salary underpins the business.
The three bedroom managers apartment over 224m2 is spacious, well-appointed and provides two carparks for the managers use. The office is on title.
Townsville is a city enjoying the best of climates in Far North Queensland. With a significant defense base and state government offices, the local economy is strong. Home to the North Queensland Cowboys, the city boasts the best sporting facilities and is an attraction within the tourism industry.
This permanent letting business offers a great opportunity to those seeking a good lifestyle and climate with a business offering excellent returns and growth potential.
More Information
- Total Purchase Price: Offers Invited
- Net Income: $ 187,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?