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High Net $197,211 Inner Brisbane
Stable Income, Long Agreements, Quality Residence
Permanent management rights, Milton QLD
- High net profit of $197,211
- 25-year agreement with 21 years remaining
- High, stable Body Corporate salary of $121,884 + GST
- All permanent rentals: 24 in the letting pool, 3 with outside agents
- Extremely convenient location close to Brisbane CBD
- Peaceful setting with easy access to daily amenities
- Quality 2-bedroom, 1-bathroom manager's residence with secure parking, large courtyard, and office on title
This is the perfect combination of flexible high income and a wonderful inner-city lifestyle. Enjoy the convenience of being close to cafes, restaurants, shops, medical centres, pharmacies, hospitals, the river, public transport, premium schools, and major roads.
An exceptional opportunity - dont miss your chance to secure it!
Net Profit: $197,211
Asking Price: $1,936,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: Stable Income, Long Agreements, Quality Residence
- Net Income: $ 197,211
(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.
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?