4 Bed House - Net $102K -Total $1.15M â 3.63 Multiplier - ID 9176

Independant Double Storey House

Permanent management rights, Ormeau QLD

Permanent Management Rights for Sale
Independant Double Storey House & 3.63 Muliplier

- Light caretaking duties simple and easy
- Low multiplier of just 3.63
- No office hours work at your own pace
- No requirement to live onsite, with potential for additional rental income
- All permanent rentals with a small letting pool of 10, plus 2 under outside agents and 2 external rentals
- Net profit of $102,048, with a large portion from the Body Corporate Salary of $71,056 plus GST
- Long 25-year agreement with 23 years remaining
- Beautiful freestanding double-storey residence featuring 4 bedrooms, 2 bathrooms plus an additional toilet, and 2-car accommodation
- Spacious courtyard with a large, exclusive managers office on title
- Peaceful and convenient location, close to all amenities with easy highway access
- All this for just $1,150,000 (including the managers large 4-bedroom independent house)

Want to earn over $100,000 in your spare time?

This is a super simple opportunity you cant afford to miss.

Net Profit: $102,048
Asking Price: $1,150,000
(Inclusive of Managers Real Estate)

More Information

Financial Overview

Total Purchase Price: Independant Double Storey House
Net Income: $ 102,048 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 780,000
_{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: $ 71,056
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 13 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Swimming pool BBQ

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 780,000
_{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: Free-standing double-story 4-bedroom house with 4 bedrooms, 2 bathrooms plus an extra toilet, and 2 car accommodations, a spacious courtyard and a large, exclusive managers office attached on title.