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604

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  • Management Rights Brisbane
  • Management Rights Brisbane
  • Management Rights Brisbane
  • Management Rights Brisbane
  • Management Rights Brisbane
  • Management Rights Brisbane
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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

Financial Overview

  • 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.

Letting Business

  • Letting Pool: 37
    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: 176
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 176,000
    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: 25 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Office Hours:
    Required Office Hours
  • Complex Features:
  • Real Estate Component

  • Manager's Unit:   3 2
  • Included Real Estate: $ 567,000
    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: 0
    Is there a manager's office included on the title?
  • Pets:
    Can the manager own a pet on site?
  • Unit Features:
  • Listing Agent Contact Details

    %2Fusers%2Flogo_7566817%2F1.jpg Click here to view full profile for: Property Bridge

    Portrait

    Jim Lowe

    Office : 1800 888 ...
    Mobile : 0403 418 115, or 1800 888 ...

    Property Bridge

    propertybridge.com.au


    Send an Email:

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    Agent Details

    %2Fusers%2Flogo_7566817%2F1.jpg Click here to view full profile for: Property Bridge

    Portrait

    Jim Lowe

    Office : 1800 888 ...
    Mobile : 0403 418 115, or 1800 888 ...

    Property Bridge

    propertybridge.com.au


    Send an Email:


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    If you're interested in a property advertised on this website, please call the manager or broker whose details are on the listing. For any other matters, please get in touch with us below, we'd love to hear from you!

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    Call : 07 3868 4047
    Mail: info@TheOnsiteManager.com.au

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