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SERIOUS SELLERS - BIG NET - NO OFFICE HRS & EASILY RUN BY ONE PERSON!
$1,849,000
Permanent management rights, Bulimba QLD
This stylish & tranquil riverside inner-city complex features exquisite gardens, resort-like amenities and a stunningly renovated one bedroom plus study manager's unit. With 93 lots, 31 of which are in the letting pool and consistent earnings from real estate sales commissions, plus attractive rental rates ranging from $500-920/wk this opportunity promises financial growth and long-term stability ensuring a steady income stream.
Impressive net profit of $257,238 supported by a substantial body corporate salary
In excess of 20% ROI on the business
21 years remaining on 25 year agreements
Supportive Body Corporate
No office hours
Beautifully renovated manager's unit featuring one bedroom plus study and secure undercover parking
Multiple MASSIVE occupation authority storage areas
Stunning gardens and landscaping
Resort-like amenities including a salt-water pool, gym and BBQ recreation area
Luxurious water-side residential only complex that is pet-friendly
Potential for growth of real estate sales commissions with a full licence
Inspection by appointment only - call Tracie Saks 0412 200422 or Greg Jorgenen 0407 721 335 today!
More Information
- Total Purchase Price: $1,849,000
- Net Income: $ 257,238
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 620,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.8
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?