Proudly supported by all of the industry's leading brokers
BRISBANE SOUTH - LIVE OFFSITE OPTION
$1,290,000
Permanent Management Rights, HILLCREST QLD
A sound residential Management Rights now on offer. Representing an affordable business and real estate package.
Body Corporate Salary of $116,000 p.a. provides solid comfort as this represents a considerable portion of the total $144,000 net income. All backed up by a term of 21 years remaining on management agreements. Caretaking duties are straight forward. No swimming pool or community entry gate to maintain.
Attractively, you can elect to live off site or onsite. Currently the Manager's townhouse is leased out at $20,800 p.a. This income is excluded from the businesses Net Profit.
The Manager's residence is a two-storey townhouse. Office is attached with a separate entrance, providing flexibility. Upper level provides two good-sized bedrooms, built-in wardrobes and main bathroom. An additional toilet is located downstairs. Enjoy the secure, private courtyard, ideal for a young family. A single carport is yours with additional visitor parking nearby.
Proactively engage your owners and take control of your business with the opportunity to secure up to an additional 30 more onsite rentals in your complex. Reap the financial rewards!
Conveniently located with easy access to motorways. Location Highlights:
5 minutes to Grand Plaza shopping centre
8 minutes to Browns Plains State High School
9 minutes to Browns Plains State School
40 minutes to Brisbane CBD
60 minutes to Gold Coast CBD
Please contact me for further details.
More Information
- Total Purchase Price: $1,290,000
- Net Income: $ 144,826
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 540,000
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?