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3.14 Multiplier in Southport
$1,100,000
Permanent management rights, Southport QLD
Super Easy Duties with Flexible Hours
Permanent Management Rights
- Extremely low workload, only a pool to maintain, no other facilities, and minimal gardening a truly simple and easy job.
- Come and compare, youll quickly see how this opportunity stands out for its simplicity and ease.
- No set office hours continue your current lifestyle while earning additional income in your spare time, at your own pace.
- Stable Body Corporate salary of $62,701 + GST, with annual CPI increases.
- Net profit: $87,331 per annum.
- 25-year agreement in place, with more than 20 years remaining.
- Super low multiplier of only 3.14 in one of Southports most convenient and desirable suburbs.
- All permanent rentals, with 10 units in the letting pool and 10 managed by outside agents significant income potential through expanding the rental roll and offering sales services.
- Spacious modern managers apartment featuring 3 bedrooms, 2 bathrooms, 2 secure car spaces, air conditioning, and a large balcony.
- Generous living space and a practical, on-title office included.
- Prime central location, close to everything Southport has to offer.
- Asking price: $1,100,000, including the spacious 3-bedroom managers residence.
This magnificent, easy-to-manage business, paired with a large managers residence in a premium location, is a rare find.
Miss it now, and you may regret it for decades.
Net Profit: $87,331
Asking Price: $1,100,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: $1,100,000
- Net Income: $ 87,331
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 825,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.1
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?