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Management Rights for sale, Townsville
$1,550,000
Permanent management rights, West End QLD
Permanent management rights for sale.
Stable and heathy business in the current caretaker hands for near 7 years now. Caretaker wants to retire so it could be your next career.
Multiplier is set to 4.0, the actual figure can be based on most recent quarterly caretaker salary and rental management fees.
Currently has 45 managed rental units, with 35 inside the complex, 10 outside.
We have been developing our real estate for sale business strongly during the years. Currently we have 9 residential for sale listings, and 2 business/residential listings. However the sale commission income is not part of the net income, it can be your extra income source if you have the skill.
It will be an ideal business for who are enjoying the tropical climate, lay back life style.
Current caretaker will provide full training.
Feel free to contact the list agent who is the caretaker himself.
More Information
- Total Purchase Price: $1,550,000
- Net Income: $ 250,000
(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?