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$277,178 High Net + 3-Bed Townhouse - ID 9205
$2,300,000
Permanent management rights, Merrimac QLD
Permanent Management Rights for Sale
Flexible Hours with Simple Duties
- Stable high Body Corporate salary of $126,199 plus GST, with annual CPI increases
- No set office hoursflexible schedule under your own arrangement ideal for a semi-retired lifestyle
- Simple, low-maintenance caretaking duties, allowing time for other work or additional income
- Very high net profit of $277,178
- All permanent rentals with 44 units in the letting pool
- 25-year agreement in place, with 21 years remaining
- Two-level managers townhouse with 3 bedrooms, 2.5 bathrooms, air conditioning, and double garage
- High-quality building constructed by renowned developer Sunland
- Large courtyard and spacious on-title professional office with separate entrance
- Peaceful, convenient location close to all amenities
- Total price only $2,300,000, including the modern 3-bedroom managers townhouse
The perfect combination of quality lifestyle and easy, high income.
No need to search further, your ideal opportunity is right here!
Net Profit: $277,178
Asking Price: $2,300,000
More Information
- Total Purchase Price: $2,300,000
- Net Income: $ 277,178
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 890,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.1
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?