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Net $635,594 Next to Sunnybank Hills - ID 9159
Free-Standing 4-Bedroom Spacious Home
Permanent management rights, Algester QLD
- Exceptional net profit of $647,842
- Minimal facilities to maintain only pool and gym, no gates, no BBQ areas
- No office hours required
- Substantial body corporate salary of $224,657 + GST, increasing annually with CPI
- All permanent rentals: 135 in letting pool, 13 with outside agents - a very stable rental base with consistent rent growth (including 27 secured with investment group)
- Long-term 25-year agreement with 22 years remaining
- Supportive and cooperative body corporate committee
- Strong management system already in place
- Genuine reason for sale a rare opportunity not to be missed
- Freestanding, modern, and spacious 4-bedroom home with 2.5 bathrooms and double lock-up garage
- Air-conditioning in living areas and bedrooms
- Large courtyard and covered patio
-Enjoy the best lifestyle while earning top income in Brisbanes sought-after southside
- Professional on-title office with separate entrance
- Peaceful, attractive, and well-maintained environment
- Convenient location close to shopping centres, schools, parks, and public transport
Total Price: $4,448,000 (includes a magnificent modern 4-bedroom freestanding managers residence)
This is a genuine money-making opportunity with a large, modern freestanding 4-bedroom home.
Live your best life while earning exceptional income in Brisbanes thriving southside, right next to Sunnybank Hills.
Net Profit: $647,842
Asking Price:$4,448,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: Free-Standing 4-Bedroom Spacious Home
- Net Income: $ 647,842
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
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
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?