Business Only! | Mansfield State High School Catchment | No Need Live onsite No Office Hours | 61% of the income is derived from strong remuneration | Add-On Opportunity!

$699,000

Permanent management rights, Carindale QLD

1. Location: Located in the Brisbane East-South area within a renowned Mansfield State High school catchment.
2. 20-Year remaining Management Rights Business: This business includes long-term property management rights for a healthy community, which is easy to manage and maintain.
3. The post-tax annual Body corporate remuneration is $76,112, 65% of the income is derived from strong remuneration with wages steadily increasing each year according to the CPI. It manages a letting pool of 11 properties, generating an income of $39,969. The annual net profit is $116,890.
ble Management:
No requirement to purchase a managers unit or live onsite
No set office hours..
5. Convenient Transportation: Close to the M1 motorway and near the Westfield shopping center.66. Close to Pacific Golf Club
6. Ease of Operation: Easily operated by one person. Alternatively, it can be added to the responsibilities of a nearby building manager.

More Information

Financial Overview

Total Purchase Price: $699,000
Net Income: $ 116,890 (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: 6.0
_{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.}