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ROCHEDALE - OFF THE PLAN
$1,446,900
Off the Plan Management Rights, ROCHEDALE QLD
85 new quality Townhouses to be built in booming Rochedale by this well known and respected Queensland developer, specialising in 'Off the Plan' Management Rights.
This complex is close to all amenities and ideally located approx. 20 mins from Brisbane CBD and 40 mins. from the Gold Coast, Rochedale is continuing to enjoy strong growth and demand from new residents.
Ground works have begun and construction is due for completion mid-2022.
A Body Corp salary of $102,000, projected Net Profit of $214,400 and new 25 year agreements are on offer for an experienced manager to take over from the start and grow this business.
More Information
- Total Purchase Price: $1,446,900
- Net Income: $ 214,400
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 745,900
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?