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Easy As This One !!
Price Guide $992,000
Permanent management rights, Ascot QLD
Great location and not too big! Just right for the newcomer to Management Rights.
This building is a combination of apartments and townhouses. Located in Ascot and only a two minute drive from the popular cafe areas of racecourse road and Hamilton portside.Established modern, inner city permanent complex.
The body corporate salary of $59,864 is very generous especially when you consider there is only about 20 hours of caretaking per week.
There are no set office hours.
The office is located away from the manager's unit and is exclusive use.
Almost all the income comes from the core stream of body corporate salary and letting commissions.
There is good scope for new management to build the bottom line as the new building next door has also become a solid income stream.
The relationship with the committee is good, with the current manager given a good amount of autonomy to do their job.
The caretaking and letting agreements currently sit at 20 years, providing excellent security.
Gallery Vie updated done.
Handy to bus, rail and city cat.
Close access to M1, Airport, DFO, Goldcoast&Sunshine Coast.Five minute walk to the new Woolworths Village&shopping complex.We simply cannot think of anything negative to say about this property.
All the hard work is done, painting, compliance etc.
An ideal management rights for someone wanting to semi-retire or for the new entrant to the MR industry!!
More Information
- Total Purchase Price: Price Guide $992,000
- Net Income: $ 119,328
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 470,000
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.
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?
David Janett - David Jiang
Office : +61 4 55338...Mobile : 0404204672 or 0481500...