First Time On The Market In 10 Years! Verified $284,344 - Permanent - No Office Hours - FV / Spring Hill
$2,356,650
Permanent management rights, Fortitude Valley QLD
A modern low-rise complex of 80 apartments / townhouses plus 12 strata commercial lots at street level, located on the very edge of Fortitude Valley and Spring Hill and within walking distance to the Exhibition Grounds.
Principally a 'one day a week role' for gardens, pool and common area cleaning, spread out over the week, although you can, like the sellers, condense the tasks into one day leaving most of the week for a mix of business and down-time.
The sellers are looking to move to semi-retirement and are now selling after 10 good years of great pragmatic committees and a very stable to growing business. The length of time in the role is testament to the stability and quality of this particular business.
If you're looking for a great income, a great salary and good lifestyle, this inner city location could be the one that works!
Call Greg Jorgensen today on 0407 721 335 to both discuss and receive the documents package.
More Information
- Total Purchase Price: $2,356,650
- Net Income: $ 284,344
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.7
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?