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Business Only, NO Facilities in Brisbane Southside - ID 9211
The Best 2nd Income with Extreme Flexibility
Permanent management rights, Loganholme QLD
- No requirement to purchase real estate
- No requirement to live onsite
- No office hours
- No swimming pool to maintain
- No BBQ area to clean
- No complex gate to manage
- 25-year agreement with 24 years remaining
- Stable body corporate salary of $40,046 plus GST, with annual CPI increases
- Very easy caretaking duties, requiring only a few hours per week
- Prime and popular Brisbane Southside location - close to major highways and all amenities
- Net profit of $87,054
- Modern, newly built complex with very low maintenance
- All permanent rentals with a stable letting pool of 17 only 1 managed by an outside agent
An ideal second income opportunity with outstanding flexibility - one you simply cant afford to miss!
Net Profit: $87,054
Asking Price:$479,000
More Information
- Total Purchase Price: The Best 2nd Income with Extreme Flexibility
- Net Income: $ 87,054
(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