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$549K NET PROFIT - $281K SALARY
$3,900,000
Permanent Management Rights, GRIFFIN QLD
We are delighted to offer this highly sought-after, beautifully manicured estate which represents a rare opportunity to acquire a modern, quality townhouse development, just 25 minutes from Brisbane's CBD. Surrounded by lush parkland, this residential Management Rights business provides an exceptional lifestyle and investment opportunity, with a solid and stable rental pool and year-round occupancy of high calibre, long term tenants.
With an impressive Body Corporate Salary of over $281,000 p.a. (ex-GST), representing over 50% of total net profit, this business is both profitable and secure.
The supportive Body Corporate Committee is dedicated to a smooth transition.
This thriving business is ideal for an experienced, self-motivated couple or business partners looking for a rewarding and flexible opportunity.
Included in the package is a three-bedroom, 2-bathroom, double garage standalone villa with an attached office and a spacious backyard-perfect for both work and relaxation. All of this is available for the attractive price of $650,000!
The estate is ideally located with convenient access to public transport, schools, shopping centres, and an array of local amenities. Just minutes away from Westfield Northlakes, IKEA, Costco, Events Cinema, and a variety of dining options. This is the perfect place to live, work and play.
Call me now. Do not delay!
More Information
- Total Purchase Price: $3,900,000
- Net Income: $ 549,000
(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?