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BUSINESS ONLY OPPOSITE NORTH LAKES!
Reduced to 4.6x
Permanent management rights, Kallangur QLD
The Perfect Add-On, The Perfect Part-Time Role, The Perfect Complex for a New Manager!
Asking $485,000 on 4.6 and 2.0 multipliers!
The Highlights:
> No facilities to manage - No Pool, No Tennis Court.
> An Option-Based Term Extension Contract - The Way They Should All Be!
> 35 in total - townhouses
> One Body Corporate - One Proactive & Good Supportive Chair
> The letting pool is made up of 26 internal management appointments, plus one external management - located in Duffield Road Kallangur - 6 mins drive
> The external management has been calculated with a 2 x multiplier in accordance with Industry Practice
Highlights:
> Great and proactive chair person
> Small committee of three
> Drive 10 minutes and you'll be at Ikea and Westfield North Lakes
> Complex painted in 2022
> Roofing checked in 2022
> One Body Corporate
The Seller's ready to move on as now running new complex on Sunshine Coast.
Call or email GREG today on 0407721335 or greg@ to receive the detailed Business Profile, the Accountants' Figures and updated P&L post November salary review.
More Information
- Total Purchase Price: Reduced to 4.6x
- Net Income: $ 106,783
(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