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[Business ONLY] Premium 25-Year Property Management Rights
Welcome to make an offer
Permanent management rights, Calamvale QLD
Business Highlights:
1.Business Only: The managers residence has been recently separated from the business.
2.Prime Location: Situated in a highly sought-after area within a Chinese community, close to shopping centers, M2, M6, schools, and colleges.
3.Topped-Up Agreement: Recently extended to a full 25 years. The community is healthy and easy to manage.
4.Income Structure:
-- Body corporate salary: $170,000, accounting for 57% of total income, providing a stable income structure. Salary increases annually in line with the CPI.
-- Letting pool of 42 properties, generating $130,000 in income with significant potential for rental growth, leading to higher management income.
-- Annual net profit: $320,000.
5.Flexible Hours: No office hours.
6.Strong Business Control:
Letting pool includes 42 properties out of a total of 89 in the community, representing 47%, ensuring strong managerial control and easy operation.
7.Business Price: Open to offers.
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: Welcome to make an offer
- Net Income: $ 320,000
(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