Live in Centre of Brisbane with 24 years agreement
2,060,000
Permanent management rights, Spring Hill QLD
- Sit at the best location in the centre of Brisbane. Walking distance to Roma Parkland, Brisbane boys/girls Grammar School and St Joseph Gregory Terrace.
- Close to everything, Bus/Train station, Brisbane CBD shopping mall, and St. Andrew Hospital are all within walking distance.
- Large 3 bedroom suits for the family with children who prefer to live close to school or semi-retire couples to live in the centre of Brisbane CBD.
- 24-year long agreement with the remuneration increased by 4% or CPI which is greater.
- Harmony Body Corporate relationship.
- The rent is from $660 to $985. There is still a big potential to increase the income while the rent is still booming.
- The owner has another business plan to run, it's a great opportunity to have a stable good income and live in the centre of Brisbane.
Contact exclusive agent, Celine for further information or book your inspection.
More Information
- Total Purchase Price: 2,060,000
- Net Income: $ 204,539
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 935,000
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?