High Yield with option to live offsite
$1,288,000 Consider All Reasonable Offer
Permanent management rights, Deception Bay QLD
Convenient Location:
Around 30km from Brisbane CBD toward north. Close to all amenities of retail, schools, public transports and parks, they are only few minutes away.
Nice Manager Unit:
Large and comfortable 3-bedroom, double garage townhouse with an large office on title. It's good option for the family to combine the lifestyle and small business. The agreement also allow manager to choose to live off site.
Stable Business with High Remuneration
The remuneration weighted over 70% of the total net income. This brings the stability of the business. The multiplier of the business is only 4.8x, this brings higher ROI. There are also chance to win back more lettings to build up higher portfolio of the letting pools.
First time on the market after 7 years operations. The owner has other plan to move forward and consider all reasonable offers. Please contact the exclusive agent, Celine Tseng for further information and book the inspection for you.
More Information
- Total Purchase Price: $1,288,000 Consider All Reasonable Offer
- Net Income: $ 166,300
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 490,000
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?