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Multiplier 3.5 Brisbane South & 3 Bedroom House - ID 8881
No Facilities, No Gate
Permanent management rights, Hillcrest QLD
Permanent Management Rights for Sale
Super Easy | No Facilities | No Gate
Low multiplier of only 3.5 in the popular Brisbane Southside, close to Calamvale
No pool, no BBQ, no gates, and no facilities to maintain
No office hours required
Very minimal garden work, only a few hours per week with excellent flexibility
Stable Body Corporate salary of $63,353 plus GST, with annual CPI increases
Net income of $98,147
All rentals are permanent, with 14 in the letting pool and 3 managed by outside agents
Long 25-year agreement with 22 years remaining
An ideal opportunity to generate a second income in your spare time
Freestanding double-storey residence featuring 3 bedrooms, 2.5 bathrooms, double garage, and a large backyard
Three separate living areas and a huge private courtyard
Professional office on title with separate entrances
Very peaceful and convenient location, close to public transport, with easy access to major highways, shopping centres, and all amenities
All of this is available for approximately $1,078,000, including the magnificent three-bedroom, double-storey freestanding managers residence.
Submit your offer now! All reasonable offers will be seriously considered by the seller. Urgent sale for personal reasons.
Net Profit: $98,147
Asking Price: $1,078,000
More Information
- Total Purchase Price: No Facilities, No Gate
- Net Income: $ 98,147
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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