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Price Reduce! Dream Complex with Solid Income
$1,152,000
Permanent management rights, Banyo QLD
It's the complex that tick every box for the permanent letting business. Close to everything, shopping centre, airport, pubic transport, golf club, beach and many good state and private schools nearby the complex. 70% income generated by remuneration, it's solid and stable income. Over 20 years agreement remain. Asking Price reduced $30,000 for this special period of time. You would impress for the beautiful complex and lifestyle manager unit. Please contact exclusive listing agent TODAY to book your inspection before too late.
More Information
- Total Purchase Price: $1,152,000
- Net Income: $ 132,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 525,000
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?