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Retirement Village Morningside
$860,000
Retirement management rights, Morningside QLD
The biggest feature of this retirement village management area is that it is well managed and has high returns. The manager's room is an independent house. Three bedrooms, two bathrooms, and two independent garages are very well maintained. There are only 20 units and it is easy to rent. The surrounding facilities are complete, and the contract is a 25-year contract. The current manager has 23 years left. The current manager has worked for more than 5 years. Maintain a good relationship with BC! If you want to own a beautiful house, but at the same time want to have your own business, but don't want to invest too much money, this is the best business for you! The manager's room is priced at $500,000 the business price is $350,000, the business price is only 3.5 times, the total price of $850,000 management rights, the income is more than $120,000, it is difficult to find such a value-for-money price in the current market! It will not exist for too long, please contact the agent as soon as possible to make an appointment for your viewing time!
More Information
- Total Purchase Price: $860,000
- Net Income: $ 120,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 500,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.0
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?