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NIFTY BUSINESS-ONLY MANAGEMENT RIGHTS DUO IN NORTHERN SUBURBS | Resort Brokers ID : MRB008254
$350,000
Permanent Management Rights, Bridgeman Downs QLD
Looking for a ground-level entry into management rights? Or are you an operator looking to grow your portfolio with a low maintenance add-on?
Heres your ticket: Two easy-to-manage apartment complexes within 5 km of each other in Brisbanes northern growth corridor that offer flexibility, a stable income and plenty of potential to boost the bottom line.
These fantastic business-only complexes in popular Bridgeman Downs and Everton Park would suit an established operator looking to build their portfolio or a newcomer looking for a start in management rights.
- Combined net profit of $81,499 p.a.
- No common facilities in either complex
- Very low maintenance and straight-forward to manage and maintain
- No set office hours or any requirement to own or live onsite
- Total of 40 townhouses between the two properties and 15 letting appointments
- Based on 25 year agreements with long tenure remaining
- Body Corporate salary of $51,072 p.a. with annual renewal
- All inspections by appointment only
Date updated: 17 Nov 2024 22:00:03
More Information
- Total Purchase Price: $350,000
- Net Income: $ 81,499
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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