Net $227,469 - Multiplier 4.96 in Milton - ID 9100

Total Price $1,980,000

Permanent management rights, Milton QLD

Total Price $1,980,000
Permanent Management Rights, Milton QLD

The seller has other business commitments, all reasonable offers will be seriously considered - enquire now!

- High Body Corporate salary $122,085 plus GST
- 25 year Accommodation Module agreement with 21 years remaining
- High net profit of $227,469
- Very close to Brisbane CBD with multiplier of 4.96
- All permanent rentals with 24 in the letting pool, 3 outside agents
- Extremely convenient for daily life and a peaceful environment
- Large 2 bed, 1 bath manager's residence with secure parking, large courtyard and office on title

Here is the best combination of a wonderful city lifestyle along with a flexible high income business. Close to everything including cafes, restaurants, shops, medical centre, pharmacy, hospital, river, public transport, premium schools and major main roads.

This is an opportunity you cannot afford to miss!

Net Profit: $227,469
Asking Price: $1,980,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: Total Price $1,980,000
Net Income: $ 227,469 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 850,000
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 122,085
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 18 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Heated swimming pool, Spa, Sauna, Gym, BBQ, Games Room

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 850,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Two bedrooms, One bathroom, Air conditioning, Ceiling fans, Parking space for one vehicle, Pet friendly courtyard, Attached office on title