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BEST BUSINESS ON THE MARKETâ GREAT INCOME&STUNNING STANDALONE HOME | Resort Brokers ID : MR008171
$2,298,000
Permanent Management Rights, Mango Hill QLD
An unmissable opportunity awaits both seasoned buyers and newcomers to the industry to capitalise on the groundwork laid by the current owners. This thriving management rights business and associated real estate, ticks all the boxes for success.
Offered at an enticing 5.38x multiple, the business boasts a verified net profit nearing $310,000, with minimal facilities to maintainjust a small gym and gardens, and no pool. With the freedom of no set office hours, this meticulously maintained complex of 79 townhouses is a breeze to manage.
The current owners have streamlined operations, employing one part-time property manager who resides onsite in the fantastic four-bedroom manager's townhouse, complete with an attached office. Reap the rewards of all the hard work done by current owners with all systems efficiently in place and comprehensive handover support available, offering a turnkey solution for the new owner.
Enjoy the flexibility of residing off-site andretaining the property manager. Alternatively, move in and take advantage of living in one of the best manager's residences you will find, the choice is yours.
- Comprises 79 townhouses featuring 3 and 4-bedroom designs
- Currently, 69 townhouses are in the letting pool
- Generous Body Corporatesalary of $116,284 annually
- No set office hours, with 22 years remaining on agreements
- Standalone manager's house boasting 4 bedrooms and a spacious outdoor area
- Attached manager's office under the same freehold title
- Small committee comprising three off-site investor owners
- Significant growth potential in rental income, not reflected in the P&L
- Well-structured business, easily transferable with comprehensive handover support
- Option to retain the part-time property manager and reside off-site
- Inspections by appointment only
Date updated: 09 Oct 2024 15:09:57
More Information
- Total Purchase Price: $2,298,000
- Net Income: $ 309,183
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 630,000
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?