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Easily Managed By Single Operator
Permanent management rights, The Gap QLD
Permanent Management Rights For Sale
Easily Managed by One Person in Spare Time
- No need to purchase real estate.
- No requirement to live onsite.
- No set office hours.
- Extremely simple caretaking duties requiring only minimal hours and no gate responsibilities.
- Townhouse complex.
- Stable Body Corporate salary of $78,819 plus GST, increasing annually in line with CPI.
- Long-term 25-year agreement with 23 years remaining.
- All permanent rentals, with a small letting pool of 13 plus 1, and 12 units currently managed by outside agents, offering excellent potential to expand the letting pool and further increase income.
Asuper simple business only opportunity one you cant afford to miss!
Net Profit: $128,133
Asking Price: $790,000
More Information
- Total Purchase Price: Easily Managed By Single Operator
- Net Income: $ 128,133
(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