Brilliant Permanent
$998,000
Permanent Management Rights, SOUTHPORT QLD
This well run permanent is perfect for a couple who want to put their eldest in a place to live. Netting the 140K its a nice income with a good BC salary of 110K. The managers apartment is a one bedroom however very very large and could be turned into a 2 bedroom, with a few renovations which would increase the value. The large office is attached. No Office hours. 13 outside lets to get back in the letting pool to increase income. Good investment and unit is priced very well.
call Kerrie Lush 93 for more photos of the unit. This complex is a must see.
More Information
- Total Purchase Price: $998,000
- Net Income: $ 140,729
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 370,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.5
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?