Solid Performing Management Rights Business with Healthy Net Profit
$2,170,000
Permanent Management Rights, BEAUDESERT QLD
This presents an ideal mix of permanent residential living in a growing suburb with the opportunity to run a profitable Management Rights business.
With no set office hours, manageable responsibilities, 22-year agreements, a substantial Body Corporate salary exceeding $113,000, a high Net Profit, and potential for expansion, this Management Rights business stands out as an excellent investment. Now is the opportune moment for an enterprising owner-operator to secure future benefits.
Contact us today to claim this outstanding property!
Prime residential location
Substantial Body Corporate salary - $113,466
Manager's luxury residence - a detached two-story, 4-bedroom, 2.5-bathroom home
78 units - 70 in the letting pool, 5 owner-occupied, 2 managed by external agents and Managers Unit
Large office attached to the manager's residence
High demand for rentals
Extensive 22-year agreement term
Flexible office hours
More Information
- Total Purchase Price: $2,170,000
- Net Income: $ 328,203
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 595,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.8
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?