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No Facilities, Business-Only Opportunity in Milton - ID 9197
Huge Potential to Increase Income
Permanent management rights, Milton QLD
- No need to purchase real estate
- No requirement to live onsite
- No office and no set office hours
- Minimal garden maintenance required
- No swimming pool to maintain
- No BBQ area to clean
- 25-year agreement with 22 years remaining
- Strong income growth potential
- Stable Body Corporate salary of $39,425 + GST, increasing annually with CPI
- Simple caretaking duties requiring very few hours
- Prime central location near Brisbane CBD
- All permanent rentals with a letting pool of only 5 units, plus 19 under outside agentshuge potential to grow rental income
- Net profit of $48,107
- Asking price: only $276,000
Super simple business-only opportunity you cant afford to miss!
Net Profit: $48,107
Asking Price: $280,000
More Information
- Total Purchase Price: Huge Potential to Increase Income
- Net Income: $ 48,107
(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