Bayside Lifestyle! 3.5 Multiplier

$411,992+Manager Unit At Valuation

Permanent management rights, DECEPTION BAY QLD

For the first time on the market in a while, here is your opportunity to move into a well managed business with minimal workload. Your Investment Breakdown:

The Business: Purchase a stable Management Rights business for $411,992 (a low 3.5x multiple of its $117,712 annual profit).
The Home: Own a valuable 3-bed, 2-bath bay side home with a private office, valued at $680,000. .

There is potential to grow the letting pool and net profit with the long term agreements, also it's not specified that you need to live onsite

- Great Location with Ocean Views
- Just a stones throw away from the Ocean
- Brand New Train Line and Station (to City)
- Close to the rail service
- Easy access to Shopping Centres, motorways and schools
- 5 minutes drive to the Deception Bay major shopping centre
- 10 minutes to Westfield North Lakes
- 10 minutes to Ikea, Costco and Bunnings
- 15 Minutes to Golf Course
- 10 minutes drive to a world class golf course
- Higher than average ROI as there is no unit to buy

The owners are retiring but will provide at least 1 month full handover training prior to settlement for the new manager, as well as ongoing support, so now is the time to book an inspection and secure this rare opportunity!

More Information

Financial Overview

Total Purchase Price: $411,992+Manager Unit At Valuation
Net Income: $ 117,712 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 680,000
_{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: $ 94,190
_{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: 20 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: None
_{Required Office Hours}

Complex Features: - Minimal facilities and workload- Modern build with low maintenance- Ideal for buyers starting in the industry or downsizing operators