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3.3 Times Multiplier MR Business with Solid Income and Still Growing!
MR $818.8k/3.3 times Multiplier + Unit $565k
Permanent management rights, Chermside QLD
Asking for $1,383,800 in total
Net Income $248,117 MR and 2 Beds Manager Residence
Net Income verified by Industry specialist accountant to March 2025
Manager Lot Valued by Industry specialist valuer in Jan 2024 at $565,000
- Retirement Permanent Management Rights
- Best value Management Rights in Brisbane NorthSide
- Great Location by dynamic suburb of Chermside
100m to Aquatic Centre
50m to Kedron Wavell Services Club
300m to Westfield Chermside (One of the biggest Shopping Centres in Brisbane)
98 school options in Chermside within a distance of 5 kilometres
- Two bedrooms and one bathroom manager unit with office on title
- Very supportive body corporate relationship
- Over 55s complex with a very small caretaking work load
- A lunch with hot meal is provided and help is available
- Your role here is mainly to oversee the complex
- Low maintenance gardens, no gate, no gym, no pool/spa, no BBQ to worry about
- Great remuneration $71,768 with annual CPI increase every October
- Income has been verified by specialist management rights accountants
- 18% great return on your investment
To be the lucky person to buy this management rights you will need to be QUICK!
More Information
- Total Purchase Price: MR $818.8k/3.3 times Multiplier + Unit $565k
- Net Income: $ 248,117
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 565,000
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.
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?