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  • Management Rights Brisbane
  • Listing Photograph

Two Southbank complexes

$3,320,000

Permanent Management Rights, SOUTH BRISBANE QLD

There are two MR nearly next to each other Fish Lane and SW1
There are several BC and the total income is in excess of $420,000
You need to buy the managers unit and office but it is not required to live on site You can run both short and permanent lets
This is in a high rental area and nearly all the work is done by the managers with a part time receptionist who's wages are an expense in the P&L If you are looking for a large MR close to South bank etc., this is the one for you MR of this size rarely come up. price is negotiable. P&L done by Holeman's and unite valuation done as well

Managers Unit $620,000
Office $180,000
Business $2,520,000
Total $3,320,000
Income $ 421,482

Please contact Robert Collins Exclusive Agent on 78792 or in the first instance.

More Information

Financial Overview

  • Total Purchase Price: $3,320,000
  • Net Income: $ 421,482 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 800,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Multiplier: 6.0
    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.

Letting Business

  • Letting Pool: 72
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 49
    Number of units resided in by their owners.
  • Lock Ups: 3
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 19
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: 145
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 230,670
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 25 years
    How long is the caretaking contract.
  • Agreement Remaining: 21 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Office Hours: nil
    Required Office Hours
  • Complex Features: there are three BC in SW! and one in Fish Lane. Fish lane has just been toped up to 21 years and two of the three other BC will be toped up to 20 years prior to settlement. The third one is at 16 years and the BC has said they will top up with the new manager0
  • Real Estate Component

  • Manager's Unit:   2 2
  • Included Real Estate: $ 800,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 2
  • Office On Title: 1
    Is there a manager's office included on the title?
  • Pets: No
    Can the manager own a pet on site?
  • Unit Features:
  • Listing Agent Contact Details

    %2Fusers%2Flogo_755052%2F1.jpg Click here to view full profile for: Raas Group

    Portrait

    Robert Collins

    Office : 0755930...
    Mobile : 07 3299 1744, or 0404 678 ...

    Raas Group

    http://www.raasrights.com.au


    Send an Email:

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    • Property ID: 21091357
    • Broker's Ref: eagle_944124
    • =755052
    • Last Update: 1 month ago.
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    • SOUTH BRISBANE, QLD

    Agent Details

    %2Fusers%2Flogo_755052%2F1.jpg Click here to view full profile for: Raas Group

    Portrait

    Robert Collins

    Office : 0755930...
    Mobile : 07 3299 1744, or 0404 678 ...

    Raas Group

    http://www.raasrights.com.au


    Send an Email:


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    If you're interested in a property advertised on this website, please call the manager or broker whose details are on the listing. For any other matters, please get in touch with us below, we'd love to hear from you!

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