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PART-TIME ROLL - CARETAKING ONLY AT $154,000!! MT GRAVATT EAST
$154,000
Caretaking management rights, Mount Gravatt East QLD
A modern complex of 28 units built over 3-4 levels at Mount Gravatt East. Built in two stages, with the first completed in 2018 and the second in 2021.
Requires only one person to manage and only on a part time basis. Recently assessed at only 14 hours each week by Industry Experts.
A good and easy entry into management rights and or a great bolt-on for an existing operator.
CPI Annual reviews, with most recent at 5.0%
Call Greg Jorgensen today on 0407 721 335 to arrange a one-on-one inspection.
More Information
- Total Purchase Price: $154,000
- Net Income: $ 30,177
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.1
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