Unlock the Door to Success: Lower Multiplier Management Rights with High Income
$961,830
Permanent management rights, Bellamack NT
Key Features:
Prime Location: Situated in the vibrant CBD of Darwin, modern apartments building offer easy access to an array of amenities including shops, restaurants/cafes, the Entertainment Centre, and cinema, making it an attractive choice for residents and tenants alike.
Lucrative Letting Pool: A total of 70 units, including 37 NRAS UNITS, are in the letting pool, ensuring a steady stream of rental income and maximizing revenue potential.
High Net Income: Benefit from high Body Corp salary and a robust net income with minimal workload, offering a lucrative opportunity for investors seeking a high return on investment.
Strong Rental Demand: The high rental demand in Darwin ensures a thriving market, making the management of these properties a breeze and offering stability and sustainability for your business.
Exceptional Return on Investment: With lower multiplier management rights and high-income potential, investing in Darwins management rights business promises exceptional returns and long-term financial security.
Seize the Opportunity Today!
Dont miss your chance to own a lucrative piece of Darwins thriving real estate market. With high rental demand, modern amenities, and a prime CBD location, the management rights business at these modern apartments offers unparalleled potential for success.
More Information
- Total Purchase Price: $961,830
- Net Income: $ 320,610
(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: 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?