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Attention - Incredible Off The Plan Business Only Management Rights - $400K Net! | Resort Brokers ID : OTP007719
$2,176,762
Off The Plan Management Rights, KENMORE QLD
ResortBrokers proudly presents to market an outstanding townhouse development currently under construction in an elevated position of Brisbane's elite western suburb of Kenmore. Netting over $400K, the Off the Plan business only management rights to Treetops at Kenmore has red hot appeal that will be highly-sought from experienced managers.
- High quality permanent complex
- Comprises 95 luxurious, 4 bedroom townhouses over 3 stages
- Stage One under construction with delivery in November 2023
- Strong 60% investor profile of with 57 in projected letting pool
- Brand new 25 year accommodation agreements
- No office hours and no requirement to live on site
- Solid BC salary of $1500 per lot equating to $144,000 per annum
- Beautiful common facilities including lap pool with cabanas and BBQ area
- Great variety of floorplans to appeal to a wide range of tenants
- Stage 2& 3 are anticipated for delivery in February and March 2024
- Very little development in Kenmore creating tenant demand& continual rental growth
- Developer has reserved a luxury manager 4 bedroom, 2.5 bathroom and double garage townjouse in Stage 1
- Very close to major amenities in this popular western region
- All inspections by appointment
Date updated: 22 Dec 2024 22:00:02
More Information
- Total Purchase Price: $2,176,762
- Net Income: $ 403,104
(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