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Business Only, Milton - ID 9216
Almost NO Facilities, Super Easy Duties
Permanent management rights, Brisbane City QLD
- No requirement to live onsite
- No need to purchase real estate
- No office hours and no office required
- No swimming pool to maintain
- Only a rarely used BBQ no other facilities
- 25-year agreement, with 24 years remaining
- Significant income upside potential through repairs, sales, and more
This business-only opportunity near Brisbane City offers a stable body corporate salary of $65,550 plus GST with annual CPI increases, minimal gardens, and light caretaking duties. Theres a high net profit of $134,686 from a permanent rental pool of 22 properties, plus 5 managed externally. Sale price is $899,880, with easy management and excellent inner-city location.
Net Profit: $134,686
Asking Price:$899,880
More Information
- Total Purchase Price: Almost NO Facilities, Super Easy Duties
- Net Income: $ 134,686
(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.
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