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$495,000 NET PROFIT - SALARY $365,000
$3,550,000
Permanent Management Rights, DECEPTION BAY QLD
With no requirement for the business owner to live on site, the incoming manager has flexibility where required.
Current managers have enjoyed the fruits of success operating this outstanding residential north Brisbane Management Rights business for a good many profitable years.
With long management agreements in place and a Body Corporate Salary of over $365,000 p.a. (plus GST), representing approximately 73% of net profit, this is a rock-solid investment for the savvy operator wanting to take their business to the next level.
Being a long-standing rental hotspot you are assured of having the luxury of selecting the very best of tenants coupled with premium rents.
Onsite facilities are modest with swimming pools being the primary responsibility, coupled with easy care common areas and straight forward caretaking duties.
A comfortable stand-alone villa provides 3-bedrooms, 2-bathrooms, 2 car garage, attached office, and a huge back yard at an affordable $700,000. All as a part of this package to accommodate the nominated onsite manager.
This business provides for a superb return on your investment!
Hurry! Contact me now for details.
More Information
- Total Purchase Price: $3,550,000
- Net Income: $ 495,193
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?