Multiplier only 4.08 in Milton & Luxury Living - ID 8445

Simple Work Effortless Income

Permanent management rights, Milton QLD

- Extremely light workload minimal garden, almost no grass super easy and straightforward to manage
- Come and compare, and youll see the real difference. The conclusion is clear: Easy & Super Simple
- Stable body corporate salary of $105,511 plus GST, representing a large share of total net income
- Strong net profit of $129,679
- Significant income growth potential through multiple channels, including sales commissions and repair services
- Highly supportive body corporate committee
- 25-year agreement with 20 years remaining
- Low multiplier of only 4.08 in one of Brisbanes most desirable inner-city fringe areas
- All permanent rentals with a small, easy letting pool of 6 units

Gorgeous, spacious, modern apartment featuring 2 bedrooms, 2 bathrooms, 2 secure car spaces, full air conditioning, and 2 large balconies.

Generous modern living area with quality finishes, exclusive on-title office, and ample storages.
Located in Brisbanes premier precinct a prestigious and convenient area.

Shops, restaurants, medical centres, pharmacy, and public transport are all within walking distance.
Asking price: $1,780,000, including a stunning two-bedroom luxury apartment.

Net Profit: $1,780,000
Asking Price:$129,679
(Inclusive of Managers Real Estate)

More Information

Financial Overview

Total Purchase Price: Simple Work Effortless Income
Net Income: $ 129,679 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,250,000
_{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: $ 105,511
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 19 years
_{How long has the management rights existed.}

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

Complex Features: Swimming pool, BBQ facilities

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,250,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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: Spacious apartment featuring 2 bedrooms, 2 bathrooms, 2 secure car spaces, air conditioning, and 2 large balconies