Proudly supported by all of the industry's leading brokers
BUSINESS ONLY ONLY AT A 4.2 MULTIPLIER IN KALLANGUR
$440,000
Permanent management rights, Kallangur QLD
The Perfect Add-On, The Perfect Part-Time Role, The Perfect Complex for a New Manager!
Significant Price Reduction now at Only $440,000!! This now reflects a 4.2 and 2.0 times multiples!! Thats Cheap!!
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 Committee
> The external management has been calculated with a 2 x multiplier in accordance with Industry Practice
Highlights:
> Great and proactive chairperson
> Small committee of three
> Drive 10 minutes, and you'll be at Ikea and Westfield North Lakes
> One Body Corporate
The Seller now resides on the Sunshine Coast and is READY TO SELL. OPEN TO OFFERS!!
Call or email GREG today on 0407721335 to receive the detailed Business Profile, the Accountants' Figures and updated P&L post November salary review.
More Information
- Total Purchase Price: $440,000
- 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