Suit for first time buyer with good Income
1,650,000
Permanent management rights, Richlands QLD
The complex is ideally situated near the M5 and M7 highways, making it a prime transportation hub. It is surrounded by a variety of amenities, including supermarkets, restaurants, gyms, and fresh produce stores. Residents also benefit from extensive parks and green spaces, enhancing their quality of life. Additionally, its just a short drive to a local primary school and a large shopping centre.
Golden Rule for the ratio of 50-50 of remuneration and letting income. It's easy to run by an couple or the first time buyer. 22 years long agreement term provides a stable income. The manager's unit is a spacious three-bedroom apartment with an office, and double locked-up garage, perfect for family living. This is an opportunity you don't want to miss. Contact exclusive agent for more details and book your inspection.
The business offers a 50-50 split of remuneration and rental income. It's easy to manage by couples or first-time buyers. With a 22-year agreement term, it ensures stable, long-term income. The manager's unit is a spacious three-bedroom apartment featuring an office and a double locked-up garage, ideal for family living. It's the management rights business that ticks all the boxes and you dont want to miss out this opportunity. Contact the exclusive agent for more details and to schedule your inspection.
More Information
- Total Purchase Price: 1,650,000
- Net Income: $ 195,344
(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?