Asking $1.298mil, Stunning Permanent Management Rights Centrally in Cleveland
$1,298,000
Permanent management rights, Cleveland QLD
Net Income $150,836
Manager Residence as per valuation by bank panel valuer in October 2022
Totally Asking $1,298,000
Elegant Complex
Perfectly located in Cleveland, a highly sought after position - a quiet and leafy community, just a short stroll to large shopping towns, medical, CBD, schools, transport, the Harbour Precinct and a wide array of amenities, everything is only moments away.
Appr. 25 min ride to Garden City Westfield, Brisbane South Suburbs
Appr. 35min ride to South Bank Parkland, South Brisbane
Appr. 60min ride to Surfers Paradise Beach, Gold Coast
Good rental and very popular for renters.
Very Supportive BC
Good Relationship with BC in place
Great Remuneration
$108,843 with annual adjustment of CPI every April
Long Agreement
Still 22 years left on agreement
Modern and Stunning Manager Residence
A spacious size, two storey 3 beds, 2.5 baths, 3 carparks townhouses comfortably suits all your family's needs
- Fully fenced house with security
- Large backyard for big families
- big office and manager storage
No Requirement of Residing Onsite
No set up office hours
Just contactable during working hours
This would be a perfect opportunity to secure a solid income and lifestyle business, it ticks all your boxes.
Please book your inspection immediately with our exclusive NEXT team.
More Information
- Total Purchase Price: $1,298,000
- Net Income: $ 150,836
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 510,000
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?