25 year long-term agreement!
$1,200,000
Permanent management rights, Doolandella QLD
Exclusive New Listing to the market! Within walking distance to the bus stop, and it's only 20 minutes from Brisbanes Central Business District, offering excellent transportation convenience. Shopping centre, kindergartens, schools, park and more, providing great living amenities.
The manager's unit is a spacious three-bedroom, two-bathroom unit, perfect for family living. Harmony body corporate relationship with the committees are majority investors. The agreement just had been top up back to 25 years long. No Pool and gym to maintain. Easy to look after by one person. The manager has option to choose either on or off site. The agreement did not have onsite requirement. Currently manager unit is rented out for $520 to bring another $27k income in a year. The actual pocket income with rent is over $140,000.
An ideal choice for First-Time Buyers to enter the industry. Contact exclusive agent for more details and book your inspection.
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 113,500
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?