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1.86 Multiplier with 3-Bedroom Residence - ID 9144
$580,000
Retirement management rights, Andergrove QLD
Retirement Village Management Rights for Sale
No Facilities - What a Bargain for Quick Return!
- No set office hours.
- No pool, BBQ, or facilities to maintain, meaning the manager's workload is limited to minimal garden maintenance.
- Body corporate salary of $86,376 plus GST.
- Net operating profit of $123,438.
- All permanent rentals with a letting pool of 35 out of a total of 38 units, with 1 managed by an outside agent.
- Long-term agreement of 20 years, with 18 years remaining.
- Large managers residence with 3 bedrooms, 2 bathrooms, and 1 car park.
- Manager's exclusive use office of 20 square meters.
- Potential for further business upgrades.
- Total asking price of $580,000 (including large 3-bedroom manager's unit).
If you want a quick and good return on business, look no further. You wont find this kind of super deal anywhere else.
Net Profit: $123,438
Asking Price: $580,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $580,000
- Net Income: $ 123,438
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 350,000
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?