Proudly supported by all of the industry's leading brokers
25 years agreement and easy run for first time buyer
$1,200,000
Permanent management rights, Doolandella QLD
Experience the allure of modern living in our complex, a pristine gem with just 5 years of history. Situated in a prime location, you'll find everything at your doorstep from tantalizing dining options and serene parks to a convenient child care centre and groceries within walking distance. Your urban sanctuary offers easy living with a focus on simplicity. Easy to manage by one person, no pool and gym, only one BBQ facilities. With a majority of tenants and minimal facilities, managing your lifestyle has never been this effortless. Manager unit is able to rent out to obtain higher return and recently the vendor just top up back to 25 years agreement. If you are first time buyer, this is a good business to consider to start your MR journey. Don't let this opportunity escape, contact exclusive agent Celine Tseng before its too late.
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 116,278
(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?