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$186,354 Net Profit and Freestanding Home - North Brisbane - ID 9217
Free Standing Managers Residence
Permanent management rights, Murrumba Downs QLD
Permanent Management Rights For Sale
Simple Duties & Almost 25 Years Full Term
- This business features a very strong and secure Body Corporate salary of $102,787 plus GST, with annual CPI increases.
- All permanent letting only letting pool of 32 units, with 11 units currently managed by outside agents, offering clear upside potential.
- Simple caretaking duties requiring only a few hours per week, providing excellent flexibility and lifestyle balance.
- Strong net operating profit of $186,354.
- Long-term 25-year agreements with over 24 years remaining virtually the full term.
- A spacious and well-presented two-level freestanding house featuring 4 bedrooms, 2.5 bathrooms, and a double garage.
- Large, professional on-title office.
- Low multiplier of only 4.23 for a Brisbane Northside opportunity.
- Superior and highly convenient location close to all amenities.
This easy-to-manage management rights business, combined with a large double story four-bedroom managers freestanding residence in one of Brisbanes most popular northside locations, represents a rare and highly attractive opportunity that will not last long.
Net Profit: $186,354
Asking Price: $1,588,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: Free Standing Managers Residence
- Net Income: $ 186,534
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 798,000
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?