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Highrise Permanent Management Rights Mackay - No Unit to Buy
$775,000
Permanent management rights, Mackay QLD
EXCLUSIVE TO CRE BROKERS. 10 storey highrise modern apartments in central Mackay with high-demand units in a central riverfront location next to shopping centre.
This is a highly desirable living address with high quality facilities. The management rights have 20 years to run, the current owners have been there for nearly 10 years and are selling due to health reasons.
TOTAL NUMBER OF UNITS : 59
UNITS IN LETTING POOL : 37 (of which 6 external)
MANAGER'S RESIDENCE : No unit to buy
NET PROFIT : $199,229
More Information
- Total Purchase Price: $775,000
- Net Income: $ 199,229
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.9
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