Bowen Hills High Net Income and Long-term Agreement Property
$2,411,200
Permanent management rights, Bowen Hills QLD
A 7-minute walk will take you to the Exhibition Station bus stop, with convenient access to M3 and M7 highways. It is a 5-minute drive to a large shopping mall, surrounded by supermarkets, restaurants, and fitness centers, offering excellent living amenities. The community is directly opposite to Old Museum Brisbane and Victoria Park, perfect for weekend relaxation.
Remuneration account for 57% of the income, with a moderate number of rental units, with the long agreement term, it's a stable and perfect business choice. The managers unit is a spacious three-bedroom apartment with an office, suitable for family living. This is a rare opportunity you dont want to miss.
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More Information
- Total Purchase Price: $2,411,200
- Net Income: $ 274,475
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 965,000
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?