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
- 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.
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?