More Than $1 Million Net Income with Over 14% Return - ID 9210

Super Giant with TWO Modern 4-Bedroom Standalone

Permanent management rights, Algester QLD

- Stable, large Body Corporate salaries of $ 371,592 + GST, with annual CPI increases.
- No set office hours complete flexibility under your own arrangement, with well-established operations in place.
- Minimal facilities only pools and gyms. No gates, no BBQs, minimal gardens.
- Simple, low-maintenance caretaking duties, leaving more time to generate additional income opportunities. Very supportive committees.
- Super high net profit exceeding $1,020,000, delivering more than a 14% return.
- Strong, stable rental base all permanent rentals with a letting pool of 218 units out of 256. Outside agents: 16. Owner-occupied: 22.
- Almost 25-year full-term agreements, with over 22 years remaining.
- Two double-storey, modern, standalone residences each featuring 4 bedrooms, 2.5 bathrooms, double garage, and air-conditioning in living areas and bedrooms.
- Large courtyards with covered patios.
- High-quality, modern buildings in newly developed complexes.
- Professional offices on title, fully fitted with cabinetry, filing cabinets, and all essential office facilities including laptop, computer peripherals, monitor, -copier, printer, fax, and stationery.
- Prime, convenient locations in peaceful environments within Brisbanes sought-after Southside and fast-growing Western corridor.

Total Asking Price: $7,128,000 (including TWO quality, modern 4-bedroom standalone residences).

The best investment opportunity combining quality properties with super high income.

Net Profit: $1,020,000
Asking Price:$7,128,000
(Inclusive of 2 x Managers Real Estate)

More Information

Financial Overview

Total Purchase Price: Super Giant with TWO Modern 4-Bedroom Standalone
Net Income: $ 1,020,013 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,500,000
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 371,592
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 7 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 8 4

Included Real Estate: $ 1,500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 5

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Two modern freestanding 4-bedroom double-storey residences