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25 Years Agreement, Great Caretaking Salary $158k and 3% Annual Increase
$903k on MR and $780k on MU
Permanent management rights, Oxley QLD
- Great Complex
The gated townhouses complex is situated in Oxley, a rapidly growing suburb offering convenient travel between Gold Coast and Brisbane via the Pacific and Logan motorways.
Lovely swimming pool, entertainment area with undercover BBQ will definitely be enjoyed in summer.
Good rental and very popular for renters.
- Handy Location
Conveniently located in a highly sought after position - a quiet and leafy community, within 3 minute-walk to Aldi, Fruit&Vegetable Market, Butcher, Restaurants, Coffee shops and Medical Centre.
Out of complex is Childcare and beautiful Park. Express Bus station and Oxley Golf Club are just across the road.
12 km to Brisbane CBD, a couple of minute drive to M7 Ipswich Highway, Mc Donalds, School, Office works, etc
- Great Remuneration
$157,589 with annual adjustment of 3%
- Smail Letting Pool
Only 14 units in letting pool - Easy and Simply
- Long Agreement
25 years left on agreements.
- Easy Caretaking Works
Small pool, almost no lawn in complex, easy workload for one part-time person
- Good Manager Residence
A spacious size, two-storey stand-alone townhouses comfortably suits all your family's needs
Big land size
Fully fenced house with security
Large backyard for big families
Up to three car parks
Good size office with another separate excess
No Requirement of Residing Onsite
If you want to buy a solid income and lifestyle business, it ticks all your boxes, please book your inspection immediately with our NEXT team.
More Information
- Total Purchase Price: $903k on MR and $780k on MU
- Net Income: $ 180,703
(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.
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?