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over 300k net with 24 years agreement
$2,365,520
Permanent management rights, Griffin QLD
- Located in a great Brisbane northern suburb
- Top up to a full term of 25 years in 2023.
- Over 300k net income. Golden Ratio of 50% remuneration and 50% from letting pool.
- Large 3-bedroom manager units and the agreement do not request to live onsite.
The current manager unit is rented out for extra rental income which is not included in the current net profit.
- Modern Complex with less common area green works.
- Easy to maintain by a couple team.
- Contact exclusive agent, Celine Tseng for further information or book your inspection.
More Information
- Total Purchase Price: $2,365,520
- Net Income: $ 308,636
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 560,000
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?