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Business Only Permanent Business in West End Area
$760,000 BUSINESS ONLY
Permanent management rights, West End QLD
- Asking $760,000
- Two MRs in One for Sale, with a distance of 2km, just 5mins riding, very handy
- Large Income $137,278, verified by industry specialist accountant
- Well- presented complex provides the perfect environment to relax in
- Very well-run business, all procedures documented
- Body Corporate very fantastic and supportive to work with
- Long agreement 20 years left on a 25 years accommodation module
- Great remuneration $106,615 with annual adjustment of CPI
- Small letting pool - only 10 lettings in the pool in total
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- No Office Hours
- No Real Estate Associated
Book your private inspection with Exclusive Agent, David Jiang from NEXT Realty!
More Information
- Total Purchase Price: $760,000 BUSINESS ONLY
- Net Income: $ 137,278
(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