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Business Only, Long Agreement and Great Remuneration MR in Capalaba Central
$403,500 / 4.3 Times Multiplier
Permanent management rights, Capalaba QLD
- Asking $403,500 on MR Business with a Net Profit of $93,820 - 4.3 times multiplier
- Centrally located in the Leafy suburb of Capalaba, Brisbane Bayside
- Well- presented complex provides the perfect environment to relax in
- Very well-run business, all procedures documented
- Long agreement 24 years left on a 25 years accommodation module
- Great manager remuneration $71,607 with annual adjustment of CPI annually
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Small Letting Pool
- No real estate associated
- No requirement of residing onsite
- No office hour
This would be a perfect opportunity to secure a solid income and lifestyle business, it ticks all your boxes.
Please book your private inspection with exclusive agent - David Jiang.
More Information
- Total Purchase Price: $403,500 / 4.3 Times Multiplier
- Net Income: $ 93,820
(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