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Solid Income, Large Remuneration and Townhouses Complex
$1,407,000
Permanent management rights, Collingwood Park QLD
Collingwood Park is a suburb of Ipswich in the City of Ipswich, Queensland, Australia. Collingwood Park has on and off ramps to the M7 Ipswich Motorway going both east to Brisbane and west to Ipswich. The suburb has several regular Translink bus services. Less than 1 kilometre away is Redbank railway station which is on the Ipswich train line.
The gated townhouses complex is located on a private, leafy corner, only within walking distance to Redbank Plaza, Collingwood Park State School, and local parks, also positioned across from Jamboree Park, with golf course, playground, barbeque and boardwalk facilities, featured a lap pool and putting green.
Solid Income $193,693 verified by Industry Specialist Accountant
Asking $1,407,000 in total for MR Business and Manager Residence
- Complex very popular with tenants
- Handy locations, close to local major shopping centers
- 22 years long agreements on contracts
- Spacious separate office, no set office hours
- Small letting pool (28 lettings) to give you an undisturbed lifestyle
- Fantastic Body Corporate salary $139,299, with annual increase by CPI
- Very well-run complex and well-established/steady business, all procedures documented
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
Come and take a look, we are sure you will be impressed!
This is a rare opportunity to purchase such a beautiful lifestyle permanent management right!
More Information
- Total Purchase Price: $1,407,000
- Net Income: $ 193,693
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 400,000
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?