PERMANENT MANAGEMENT RIGHTS GREAT FOR FIRST TIMERS
$900,000
Permanent management rights, Merrimac QLD
Fantastic permanent letting complex is well presented and features 46 tuscan villa style townhouses.
With plenty of long term tenants, good salary and minimal office hours (5 hours per week) this is a perfect business for someone looking for an easy to manage complex.
- Good Salary
- Low multiplier
- Easy to manage by one person
- Popular complex
- Great central Gold Coast location
- Close to all amenities
Property ID 42
More Information
- Total Purchase Price: $900,000
- Net Income: $ 92,500
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
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?