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3.5 MULTIPLIER - NO NEED TO LIVE ONSITE
$1,126,800
Permanent Management Rights, KALLANGUR QLD
Priced to Sell!
This well presented medium sized residential Management Rights business has plenty of opportunity for significant growth.
Whilst currently, most of the total net income ($127,670 p.a.) is sourced from the Body Corporate Salary of $116,000, there exists a large component of the complex's letting pool that is presently managed by outside agents. This represents an attractive opportunity to turn this business around and reap the monetary rewards!
As there is no requirement to live onsite, the incoming manager has the option of living and working within this charming townhouse community or earning rental income from the Manager's residence, a standalone villa on 345m2 of land, featuring 3-bedrooms, 2 bathrooms and 2 car garage. The office is on title.
Situated in a prime location, this lovely townhouse complex offers unbeatable convenience:
-Kallangur Train Station, Aldi Supermarket and Kallangur Fair, all within a 10-minute walk
-Kallangur State School, Murrumba State Secondary College and Westfield North Lakes, all within a 10-miunte drive.
This business is now offered for sale by genuine sellers due to a change in their circumstances.
More Information
- Total Purchase Price: $1,126,800
- Net Income: $ 127,670
(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.
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?