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THE PERFECT ADD-ON, OR, ENTRY LEVEL BUSINESS!
ONLY $246,000
Permanent management rights, Teneriffe QLD
A small inner city unit complex of 22 apartments over two levels and within front and rear buildings, on an L-Shaped site of some 4,000 sqm, mostly covered by buildings.
This would make for a very good add-on business only for an existing manager, OR an ideal bite-sized business for a new entrant into the management & letting rights world.
Business Only continues to be the highest demand type in 2025, with no sign of change, as it simply allows you, the manager, to visit the site as if going to work, but on your terms and your time.
This is a single person role on a part time basis, so very manageable.
Call Greg Jorgensen today on 0407 721 335 to both discuss and receive the Business Profile and Verified Profit & Loss report, as prepared by Hospitality and Strata Accountants.
More Information
- Total Purchase Price: ONLY $246,000
- Net Income: $ 47,204
(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: 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