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The Best Priced Rent Roll I
$145,000
Permanent management rights, Springfield Lakes QLD
A small and very well priced rent roll with 60% of the 43 properties located within either Springfield Lakes or Springfield Central.
After that, the south-side suburb locations included are: Drewvale, Forest Lake, Mount Gravatt, Park Ridge, Redbank Plains, Richlands, & Silkstone. The norther suburbs are limited to Caboolture and Golden Beach.
The important points are:
The current managers have held this portfolio since June 2018
Made up of units and houses
Average of 7.55% + GST Commission
One weeks rent + GST for a new tenancy
Half weeks rent + GST for tenancy renewal
Advertising, Administration and Annual Statement Fees charged
Average Annual Commission Income: $1,515 per management per annum.
Call Greg Jorgensen today to discuss and to receive bot the Business Profile and Suburb lists, including rents and commissions.
More Information
- Total Purchase Price: $145,000
- Net Income: $ 65,145
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.2
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?