Huge Remuneration and Small Letting Permanent MR in Brisbane West
$1,698,600 All Serious Offers Considered
Permanent management rights, Mount Ommaney QLD
Solid Income $216,746 verified by Industry Specialist Accountant
Stylish Manager Residence at $810,000 on latest Valuation by Bank Panel Industry Valuer
Asking $1,698,600 in total for MR Business and Manager Residence
- Great community in a leafy and decent suburb of Mount Ommaney
- Handy locations, close to local major shopping centres
- 10 years left agreements on standard module contracts
- Small letting pool (7 lettings) to give you an undisturbed lifestyle
- Fantastic Body Corporate salary $206,446, with annual increase by CPI
- Very well-run complex and well-established/steady business, all procedures documented
- Modern Manager Unit - 3 bedrooms townhouse with 2 bathroom and extra toilet down- stairs, full kitchen, gas cooking/hot water system, timber floor, big back yard, single garage
- No requirement of residing onsite, manager residence has been tenanted at $600/week
- Spacious separate office, no set office hours
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
Come and take a look, we are sure you will be impressed!
This is a rare opportunity to purchase such a beautiful lifestyle permanent management right!
More Information
- Total Purchase Price: $1,698,600 All Serious Offers Considered
- Net Income: $ 216,746
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 810,000
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?