Proudly supported by all of the industry's leading brokers
A compelling investment with a strong track record, stable income streams
$2,850,000
Permanent management rights, Calamvale QLD
Business Highlights:
- Prime location: Located in Southern Brisbane, close to shopping centers, M2, M6, schools, colleges and Chinese community.
- Long lease: Contract topped up to 25 years in 2022, with 23 years remaining.
- Healthy complex: Easy to manage with a strong community spirit.
- Stable income structure: Body corporate salary income of $170,000, accounting for 57% of total income. Salary increases steadily each year in line with the CPI consumer price index.
- Significant rental income: Manages a letting pool of 39 properties, generating $130,000 in income. With ample room for rent growth, management income is expected to increase accordingly.
- High net profit: Annual net profit of $300,000.
- Flexible work hours: Caretaking agreement does not specify office hours.
- High letting pool occupancy: Letting pool of 39 properties out of a total of 89 units, representing a 44% occupancy rate. This high occupancy rate indicates strong manager control and ease of management.
- Additional rental income potential: Manager's unit boasts a unique layout featuring 4 bedrooms, 2 bathrooms, a self-contained studio unit, and a dedicated office space. This unique configuration allows for substantial additional rental income, estimated at approximately $1,100 per week.
Overall, this business opportunity presents a compelling investment with a strong track record, stable income streams, and significant growth potential.
DISCLAIMER
The agent gives notice that:
1. The figures and information disclosed in this Information Memorandum are provided by the vendor. All intending purchasers are to make their own enquiries and assessments as to the accuracy or otherwise of the information supplied by the vendor.
2. It must be noticed that agent has no access to full sets of accounts or legal documentation for verification purposes. No liability for the information will be accepted by the agent and parties should make their own investigations as to the accuracy of these figures and information.
More Information
- Total Purchase Price: $2,850,000
- Net Income: $ 300,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 990,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 6.2
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?