Business + Office
SOLD BY RICHARD WALSH
Permanent management rights, Teneriffe QLD
Designed by O'Neill Architects and constructed in 2003 Ellington is centrally located in one of Brisbane's most prestigious and highly sort after suburbs. This impressive complex offers a lifestyle opportunity second to none with a very solid income. The units are oversized and rent themselves (when they rarely become available). While the manager must reside on-site there is no requirement to purchase a unit. The office is well positioned with street appeal. Office hours are 4hrs per day Monday - Friday and 2hrs on Saturday (except public holidays). The complex is extremely well maintained and attracts predominately professionals. Inspections available with short notice.
- Net Profit $421,000.
- Body Corporate Salary $279,381.
- Business for sale at a multiple of 4.8 - 5.0
- Office for sale at $200,000
More Information
- Total Purchase Price: SOLD BY RICHARD WALSH
- Net Income: $ 421,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 200,000
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?