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$238,000 INCOME PER ANNUM & GROWING
GOOD INCOME - PART TIME HOURS
Permanent management rights, Warner QLD
NO REQUIREMENT TO LIVE ONSITE OR PURCHASE REAL ESTATE!
EASILY MANAGED BY A SAVVY INDIVIDUAL OR A COUPLE.
GOOD RETURN LOCATED IN KEY GROWTH CORRIDOR - RENTS INCREASING EVERY YEAR!
WELL-RUN BUSINESS ALLOWS YOU TO WALK IN AND START EARNING A GOOD INCOME.
KEY POINTS
Secure a lifestyle with part-time hours!
Established business ready for instant income!
61 townhouses located at Warner 4500
Supportive Body Corporate Committee
Office with separate entry to Manager's Unit
No requirement to live on-site or purchase real estate!
Low maintenance common grounds
No pools or gymnasiums to maintain
Seller offering support for a smooth hand-over
Opportunity to increase income
Inspections welcome by appointment.
For more information call Michael 0497970201
More Information
- Total Purchase Price: GOOD INCOME - PART TIME HOURS
- Net Income: $ 238,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 675,000
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?