Multiplier 3.11 & Superb Residence Near City - ID 8571
$1,299,000
Permanent management rights, Fortitude Valley QLD
Permanent Management Rights for Sale
Secure Your Future with Stable Income in a Prime Location
- Minimal Workload & Maintenance: Focus primarily on pool upkeep with barely any gardening or other facilities to manage. An effortlessly simple caretaking role.
- Standout Simplicity: Discover the stark ease compared to others your tasks are straightforward and undemanding.
- Flexible Schedule, No Fixed Office Hours: Continue your current lifestyle while earning a significant supplementary income at your leisure.
- Reliable Income Stream: Benefit from a stable Body Corporate salary of $89,885 plus GST, with a high net profit of $119,885.
- Long-term Security: Enjoy a 25-year agreement, with 19 rewarding years still to come.
Favorable Investment Conditions: Take advantage of a low multiplier of 3.11 in one of Brisbane's most desirable suburbs.
- Lucrative Letting Pool: Manage a select portfolio of 10 permanent rentals, ensuring a steady income.
- Gorgeous Living Space: A modern, spacious 3-bedroom apartment, complete with 2 bathrooms, secure parking for 2 cars, air conditioning, and 3 balconies for an unmatched living experience.
- Elegant Design & Functionality: A vast living area furnished to perfection, alongside an exclusive office space, perfectly blending aesthetics with practicality.
- Prime, Central Location: Situated in a prestigious area, with every conceivable amenity including shops, restaurants, healthcare, public transport, and schools within walking distance.
- Exceptional Value: Offered at $1,299,000, including a stunning 3-bedroom apartment, this opportunity encapsulates luxury living with a promising business venture.
This exceptional opportunity to acquire a thriving business coupled with a magnificent 3-bedroom residence in one of Brisbane's most sought-after locations is truly rare. Seize it today and secure your future in an unparalleled setting. Miss out, and you may spend years wishing you hadn't. Act now to avoid a decade of regret!
Net Profit: $119,885
Asking Price: $1,299,000
(including gorgeous 3-bedroom managers unit)
More Information
- Total Purchase Price: $1,299,000
- Net Income: $ 119,885
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 926,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.1
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?