Low Rise Permanent Complex

Offers Above $1,090,000

Permanent management rights, East Brisbane QLD

This complex is an ideal first complex to get started in the management rights industry or an excellent add-on into a thriving management rights portfolio. This business boasts of both an internal letting pool and a growing external property management business.
This clean and tidy complex built in 2004 is easy to maintain and enjoys a modern style swimming pool.
The managers unit is a tidy 3 bedroom, 2 bathroom and has 2 car space an ideal size to run a business.
This complex is ideally located just five minutes from The Gabba and the cafes and shops throughout the precinct. Coles is also just five minutes away. The development enjoys easy access to public transportation with the bus-stop right at its doorstep.
Start your career or grow it in this permanent management rights complex by the Gabba.

More Information

Financial Overview

Total Purchase Price: Offers Above $1,090,000
Net Income: $ 110,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{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: 20
_{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: 41
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 61,622
_{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: 17 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 17 years
_{How long has the management rights existed.}

Office Hours: none on agreement
_{Required Office Hours}

Complex Features: Swimming PoolEasy Maintenance Complex

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: MANAGERâS RESIDENCE: This tidy one storey unit has a contemporary design and includes three bedrooms, two bathrooms, an outdoor area and two secure car spaces. An ideal location to run a thriving business