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BRAND NEW - BRISBANE PERMANENT
$1,599,500
Permanent Management Rights, SEVEN HILLS QLD
This quality development is ideally located in the very desirable Brisbane suburb of Seven Hills.
Offering the best of both worlds with bushland reserve for recreation, bushwalking and scenic views but also handy to shopping, cafes, schools, public transport including both Morningside and Norman Park train stations. And only 15 minutes to Brisbane CBD, Southbank and Fortitude Valley.
Enjoy an enviable lifestyle with pool and gym facilities available to residents within a range of townhouses and apartments totaling 176 lots. Currently 55 townhouses are already occupied
and 30 apartments due for completion in the next couple of months with more to follow.
Projected Net Profit of $260,000 p.a. subject to completion of construction in approx. 24 months.
Incoming onsite manager has the option to purchase one of the following properties:
2 Bedroom Apartment - $567,000 (Separate Office on occupation authority)
3 Bedroom Apartment - $777,000 (Separate Office on occupation authority)
4 Bedroom Townhouse - $729,900 (Office attached on title )
A great opportunity for a manager to become involved with a sizeable residential development in a popular suburb close to the city and all amenities.
We are proud to offer this outstanding NEW Brisbane Management Rights for sale. Available to purchase from an affordable $1,599,000, inclusive of Manager's accommodation.
Enquire now and seize this golden opportunity!
More Information
- Total Purchase Price: $1,599,500
- Net Income: $ 260,000
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 567,000
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?