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GREAT STARTER COMPLEX!
$780,000
Permanent Management Rights, SLACKS CREEK QLD
Located south of Brisbane, on offer, is the Management Rights to this boutique townhouse complex situated in a gated residential community that boasts a pool and barbeque area.
Income is largely sourced via Body Corporate Salary of $65,000 which makes up 85% of total $77,000 Net Profit. Presently the onsite letting pool consists of 9 townhouses.
As there are currently 10 lets within the complex held by external real estate agencies, there exists a handsome opportunity to double your letting pool and therefore substantially increase your net profit!
As onsite caretaker, you will be comfortably accommodated in a 3-bedroom townhouse with office on title. Priced to sell at a very reasonable $510,000.
Only a minutes' walk to transport and local shops and 5-minute walk to your local primary school. A mere 5-minute stroll or drive will see you arrive at an array of major amenities, including the Underwood Shopping Centre and motorway access, ensuring effortless connectivity to the surrounding areas and through to Brisbane or the Gold Coast.
More Information
- Total Purchase Price: $780,000
- Net Income: $ 77,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 510,000
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?