Only $1.15M - Large Home Plus $102K Net - ID 9176

$1,150,000

Permanent management rights, Ormeau QLD

Permanent Management Rights for Sale
Spacious Double-Storey 4-Bedroom Home with Independent Business Included

- Small caretaking tasks - very simple and easy
- No office hours - complete tasks on your own schedule
- No requirement to live onsite - potential for extra rental income
- All permanent rentals with a small letting pool of 10, plus 2 outside agent units and 2 additional outside rentals
- Net profit of $102,048, with a large portion from Body Corporate salary of $71,056 + GST
- Long-term 25-year agreement with 23 years remaining
- Beautiful freestanding, double-storey 4-bedroom managers residence with 2 bathrooms, an extra toilet, and 2-car accommodation
- Spacious courtyard and large exclusive-use managers office on title
- Convenient and peaceful location, close to everything with easy highway access
- Only asking $1,150,000 - includes the 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.
Call Bill He NOW - dont miss out!

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

More Information

Financial Overview

Total Purchase Price: $1,150,000
Net Income: $ 102,048 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 710,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{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: $ 710,000
_{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.