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  • management rights Ipswich
  • management rights Ipswich
  • management rights Ipswich
  • management rights Ipswich
  • management rights Ipswich
  • Listing Photograph
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Great Complex with a Great Return

$1,900,000

Retirement management rights, Brassall QLD

Are you looking for a profitable business at Brassall? This Management Rights business is at a retirement village with convenient access to shops, community and government services, entertainment, parkland and the Bremer River and is an attractive location for retirees. The nearby Warrego Highway provides easy access to major centres throughout south-east Queensland, including Brisbane and Ipswich.
The retirement village comprises 60 units plus the managers unit and is easily maintained. The air-conditioned Managers Unit has two bedrooms, a bathroom, car park, and office and canteen area. Food and personal care services are offered. The food service is offered from Monday to Thursday are no specified office hours in the contract The seller opens the office from 9:00am 2pm, Monday to Friday. Youll enjoy servicing this excellent retiree community.
For further information about caretaking salary, inside letting pool and the on-site managers duties, and to arrange an obligation-free inspection, please contact Mr Robert Lin on

More Information

Financial Overview

  • Total Purchase Price: $1,900,000
  • Net Income: $ 365,880 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 600,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Multiplier: 3.6
    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.

Letting Business

  • Letting Pool: 60
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 1
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: 61
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 91,792
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 25 years
    How long is the caretaking contract.
  • Agreement Remaining: 13 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Office Hours: No office hour
    Required Office Hours
  • Complex Features:
  • Real Estate Component

  • Manager's Unit:   2 1
  • Included Real Estate: $ 600,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 1
  • Office On Title: 1
    Is there a manager's office included on the title?
  • Pets: No
    Can the manager own a pet on site?
  • Unit Features:
  • Listing Agent Contact Details

    %2Fusers%2Flogo_755862%2F1.jpg Click here to view full profile for: Joy Realty

    Portrait

    Robert Lin

    Office : (07) 3344 5...
    Mobile : 0433000...

    Joy Realty

    http://www.joyrealty.com.au


    Send an Email:

    Similar Properties

    Listing Photograph $1,900,000
    management rights Brassall

    Retirement Management Rights

    Brassall, Ipswich
    • Net Income: $ 365,880 (actual)
    • Remuneration: $ 91,792
    • Letting Pool: 60
    • Manager's Estate (incl): $ 600,000   2   1
    All Ipswich Management Rights
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    • Property ID: 3905147
    • Broker's Ref:
    • =755862
    • Last Update: 3 weeks ago.
    • Listing Type: Retirement
    • Price: $1,900,000
    • Brassall, QLD

    Agent Details

    %2Fusers%2Flogo_755862%2F1.jpg Click here to view full profile for: Joy Realty

    Portrait

    Robert Lin

    Office : (07) 3344 5...
    Mobile : 0433000...

    Joy Realty

    http://www.joyrealty.com.au


    Send an Email:


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    • Net Income: $ 589,192 (actual)
    • Remuneration: $ 117,700
    • Letting Pool: 28
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