Two complexes in adjoining suburbs close to the city.
$4,057,000
Permanent Management Rights, WOOLLOONGABBA QLD
This is two buildings one suburb apart sold as one. There is a managers unit but you do not have to live on site. It is currently rented out. P&L done by accredited MR accountant. Valuation done by accredited broker. Top ups have just been done and 24 years left to run. Cooperative BC committee
Woolloongabba Level 1 recreational lounge & BBQ area, pool and toilet. Level 7 Rooftop lounge & BBQ area with a toilet.
Number of apartments
Kangaroo Point 69
Woolloongabba- 89 (including retail lot)
Total = 158
Number of apartments in letting pool
Woolloongabba- 61
Kangaroo Point 43
Total = 104
Please contact Robert Collins Exclusive Agent on 78792 or
More Information
- Total Purchase Price: $4,057,000
- Net Income: $ 543,819
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 6.4
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?