3x Multiplier! Permanent MLR - Solid Investment Opportunity | Resort Brokers ID : MR008231
$800,000
Permanent Management Rights, CALAMVALE QLD
ResortBrokers presents a solid investment opportunity in the high-demand Calamvale, Brisbane South Side. This well-established modern townhouse complex operates under a 25-year Caretaking and Letting Agreement, with over 21 years remaining (successfully topped up).
Minimal caretaking required, with a strong Body Corporate salary accounting for over 86% of the net profit. The Manager's Unit features three bedrooms, a large study (potential 4th bedroom), two bathrooms, a double garage, and a separate office attached with separate entrance. Potential for significant growth by converting units managed by outside agents back into the onsite letting pool.
This management rights presents a solid business suitable for a first-time buyer looking to secure a low maintenance business with stable income or a savvy operator to run as a side business. Or may also be suitable for buyers who has family commitment and looking to purchase a good quality modern property in the ever popular south side area of Brisbane - Calamvale, whilst enjoying a solid additional income.
It's an exciting opportunity for the astute buyer, so reach out with your inquiries promptly to avoid missing out.
- Easy to run with minimal caretaking duties for a single operator
- Strong Body Corporate salary accounting for over 86% of the total net profit
- Long agreement terms - 21 years
- No set office hours
- A well-established complex with minimal caretaking required and all necessary maintenance equipment provided by the body corporate.
- The manager's unit features three bedrooms, a large study, two bathrooms, a double garage and a separate office on title.
- Potential for significant growth in the bottom line by converting units managed by outside agents back into the onsite letting pool.
- Conveniently located within a short drive to local amenities and enjoys 100% occupancy with a long waitlist. Located in highly sought-after southside area with high rental demand
- Inspection by appointment only
Date updated: 13 May 2024 23:00:03
More Information
- Total Purchase Price: $800,000
- Net Income: $ 55,747
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 660,000
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?