Superb Quality Unit with High Net Returns
$1,400,000
Permanent management rights, Nundah QLD
Permanent Management Rights for Sale
Effortless Operation in a Beautiful Complex
- The operation is perfectly set up, making it easy for a new manager to continue running this excellent business smoothly.
- Flexible working hours with no set office hours work at your own pace with simple and easy tasks.
- Stable and high body corporate salary of $115,711 plus GST.
- High net profit: $171,322.
- Long-term 25-year agreement with more than 23 years remaining.
- All rentals are permanent with a letting pool of 22 and 11 units managed by outside agents.
- Extremely high-quality, spacious, modern apartments featuring 2 bedrooms, 2 bathrooms, accommodation for 2 cars with secure parking, air conditioning, multiple balconies, and a large office (which can serve as a third bedroom). Total area exceeds 120 square meters.
- Solar panels installed to reduce electricity costs.
- Every detail is meticulously maintained, making it rare to find such a superb quality managers unit on the market.
- Compare and see for yourself the exceptional quality and distinct advantages of this property.
- Includes a second professional office in the pool area and ample storage space.
- Beautiful, peaceful, and well-maintained complex in a highly convenient location.
- Asking price is $1,400,000, which includes a gorgeous 2-bedroom apartment with an additional large office space attached.
Net Profit: $171,322
Asking Price: $1,400,000
(including high-quality modern 2-bedroom apartment with additional large office attached)
More Information
- Total Purchase Price: $1,400,000
- Net Income: $ 171,322
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.7
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?