Proudly supported by all of the industry's leading brokers
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
- 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.
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?