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Net $280,252 in Milton - ID 9198
$161,510 + GST Salary with Simple Duties
Permanent management rights, Milton QLD
- Low workload and minimal working hours
- High Body Corporate salaries totalling $161,510 + GST
- 25-year long-term agreement with 21 years remaining
- Strong net operating profit of $280,252
- Permanent letting pool of 29 units, plus 22 with outside agents excellent income growth potential
- Superb city-fringe location close to cafs, restaurants, shops, medical centres, pharmacies, hospitals, the river, public transport, premium schools, and major roads
- Extremely convenient for everyday living with a peaceful environment
- Ideal combination of lifestyle and income city living with a flexible, high-return business
- Modern managers apartment with 2 bedrooms, 1 bathroom, air-conditioning, ceiling fans, and 1 secure car park
- 160m total area with large courtyard, pet-friendly, and professional on-title office
- Total asking price: $2,420,000 (includes quality managers unit)
Opportunities like this dont come around every day.
Net Profit: $280,252
Asking Price: $2,420,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: $161,510 + GST Salary with Simple Duties
- Net Income: $ 280,252
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
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?