No Requirement to Live Onsite with $233K NET - ID 9138

Large Salary of $162K plus $23K Rents

Permanent management rights, Carrara QLD

Permanent Management Rights for Sale
Large Salary of $162K plus $23K Rentals

- High and stable Body Corporate salaries totaling $162,713.18 plus GST, with annual CPI increases. This guaranteed income represents more than two-thirds of net profit, providing exceptional income security.
- High net operating profit of $223,688.
- No requirement to live onsite.
- Manageable workload at your own pace.
- No set office hours.
- All permanent rentals with a 24-unit letting pool, supported by multiple outside agents, offering strong growth potential in both rentals and sales.
- Long 25-year agreements, with 14 and 21 years remaining.
- Additional partial residence rental income of $23,400.
- One 3-bedroom double-storey townhouse with 1 bathroom plus an additional toilet, 1 garage, a spacious office, and large private courtyard.
- Close to shops, major highways, and quality schools highly convenient location.
- Total selling price: $1,844,595 (including the 3-bedroom managers townhouse).

If you are seeking a high and stable income, this opportunity is the one you can't afford to miss.

Net Profit: $223,688
Asking Price: $1,844,595
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: Large Salary of $162K plus $23K Rents
Net Income: $ 223,688 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 850,000
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 162,713
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 0 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: as per agreements
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 1

Included Real Estate: $ 850,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: 3-bedroom double story townhouse with 1 bathroom plus extra toilet, 1 garage and 35 square meters large office with large courtyard.