Great Size, Near New, Growing Area, First Time on Market - UNDER CONTRACT
$2,127,413
Permanent management rights, Redbank Plains QLD
Beautiful landscaping, low maintenance courtyards and a pool - ticks all the boxes for today's renters. Open, functional floorplans, near new units with modern interior, located at the end of a quiet cul-de-sac, yet still close to transport and amenities, offers convenience without compromising comfort! Low vacancy rates are almost guaranteed and rental yields sure to increase!
Easy to manage and maintain making this MR a great business investment for single investors and syndicates.
- No set office hours stipulated in the agreements
- Current letting pool consists of 90 units
- 5 minute drive to the Centenary Highway on-ramp, 10 minutes to Springfield Central & 30 minutes to Brisbane
- Blue Gum Park on doorstep, schools and shopping centers a few minutes drive
- New shopping center 200m away starting construction 2022
Contact us to arrange a viewing or request more information. You need to view to appreciate the value and potential .
More Information
- Total Purchase Price: $2,127,413
- Net Income: $ 297,669
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 520,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.4
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?