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No Facilities, Simple Duties, $146K Salary
Huge Income Upside Potential
Permanent management rights, Hillcrest QLD
- No office hours required
- No swimming pool to maintain
- No BBQ area to clean
- No gates in the complex
- Modern, spacious freestanding 3-bedroom house
- Flexible hourscontinue your current lifestyle
- 25-year agreements with 22 and 23 years remaining
- Total Body Corporate salary of $146,648 + GST, increasing annually with CPI
- Very simple caretaking duties
- High net profit of $176,298
- All permanent rentals with a small letting pool (16 of 92 units), many outside agentshuge potential to grow income through rental roll and sales commissions
- Modern, freestanding 3-bedroom managers house with 2.5 bathrooms, double garage, and three living areas
- Large private courtyard
- Professional office on title with separate entrances
- Peaceful and convenient location, close to public transport with easy access to the highway
- Total price only $1,553,000, including a magnificent 3-bedroom managers residence
These truly simple businesses offer an unbeatable list of NOs no pool, no BBQ, no office hours all with a large, modern 3-bedroom house included.
Contact us now to secure this rare opportunity.
Net Profit: $176,298
Asking Price: $1,553,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: Huge Income Upside Potential
- Net Income: $ 176,298
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 698,000
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?