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$248,988 Net - Multiplier 3.97 in North Lakes - ID 9155
$50 K Price Drop Easy Part Time Income
Permanent management rights, North Lakes QLD
- No requirement to live onsite,
- Live onsite or rent it out for additional rental income, it is all up to you.
- No set office hours.
- Less and easy work with very few hours. All at your own pace.
- Great operation in place, the flexibility to do by yourself in your spare time and keep doing what you do by earning great additional income.
- Great potential to increase more profits.
- Residential plus commercial body corporate salaries, total $154,738 + GST, making up large percentage of the total net income, financially stable and secure
- Large modern stylish apartments with 2 bedrooms, 2 bathrooms, 1 car accommodation, 2 air-cons.
- Convenient location, close to restaurants, shops, medical centre, pharmacy, public transport, major highway, and shopping centre.
- Pet friendly, beautiful modern complex.
The seller has made commitment about other overseas business, urgent sale, asking price of mid to high 1 million (including excellent managers residence)
If youre looking for a high-return, easy, and flexible business with great living conditions, this is the one for you.
Net Profit: $248,988
Total Asking Price: Mid to high 1 million
More Information
- Total Purchase Price: $50 K Price Drop Easy Part Time Income
- Net Income: $ 248,988
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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