@ beautiful Complexes at Redcliffe
$449,000
Permanent Management Rights, REDCLIFFE QLD
Opportunity Knocks: Management rights for sale across two complexes.
The current managers are looking to retire, opening the door to this fantastic venture. With both committees running smoothly and minimal workload, this is your chance to step into an established success story.
Situated in close proximity, these two complexes offer a seamless operation. One of them is located in the charming area of Margate, enhancing your investment potential. Don't miss the chance to see it for yourself; we promise you won't be disappointed.
The total package, which includes both complexes, is priced at $449,000, offering an attractive income of $93,846. In addition, the current managers also own a desirable unit within one of the complexes which is available for purchase separately, although not required. Please note that this unit is not included in the listed price.
As a bonus, there's an additional rental property in Scarborough, although its figures are not part of the Profit & Loss statement, it's included in the overall package.
This is your golden opportunity to step into a well-established Management Rights business.
Please contact Robert Collins, Exclusive Agent, on 78792 or
More Information
- Total Purchase Price: $449,000
- Net Income: $ 93,846
(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: 4.8
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?