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  • management rights Brisbane
  • management rights Brisbane
  • management rights Brisbane
  • management rights Brisbane

ALMOST NEW ESTABLISHED MANAGEMENT RIGHTS IN ALGESTER

$310,000

Permanent management rights, Greater Brisbane Region

RCA EXCLUSIVELY PRESENT FOR SALE THE ESTABLISHED ALMOST NEW MANAGEMENT AND LETTING RIGHTS AT BROOKE RESIDENCES ALGESTER WITH NO MANAGERS RESIDENCE OR OFFICE TO BUY.

+ Developed by Visie Properties
+ Built in 2023
+ Established near new 45 total townhouse development in Manly West
+ Already completed, setup and running as an established management rights busioness
+ Body corp caretaking salary of approx $47,917.80 per annum
+ Permanent only business with accountant verified $64,723.42 nett income per annum
+ NO MANAGERS RESIDENCE OR OFFICE TO BUY. BUSINESS ONLY.
+ Great location in Algester

DON'T MISS OUT ON THIS INCREDIBLE NEWLY ESTABLISHED MANAGEMENT RIGHTS OPPORTUNITY. REQUEST INFORMATION MEMORANDUM FOR MORE DETAILS ON THIS PROPERTY.

CONTACT RCA FOR MORE DETAILS.

More Information

Financial Overview

  • Total Purchase Price: $310,000
  • Net Income: $ 64,723 (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: 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: 8
    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: 45
    The total number of units within the complex.

    • Caretaking

  • Remuneration: $ 47,917
    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: 23 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 2 years
    How long has the management rights existed.
  • Office Hours:
    Required Office Hours
  • Complex Features: Parking

    • Real Estate Component

    Listing Agent Contact Details

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    • Property ID: 21165899
    • Broker's Ref:
      • =7567006
    • Last Update: 23 hours ago.
    • Listing Type: Permanent
    • Price: $310,000
    • Greater Brisbane Region,