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Prime Location & High Remuneration
$1,840,000
Permanent management rights, Greater Brisbane Region
Located just 15 minutes from Brisbanes city centre and under 20 minutes from the airport, this exceptional management and letting rights business offers both convenience and lifestyle. With a bus stop only a 4-minute walk away, transportation is effortless.
The surrounding community boasts fantastic amenities, including small parks, a gym, a dentist, daycare centres, and moremaking it an ideal choice for families or semi-retired individuals seeking a well-balanced lifestyle.
This business is a solid investment, with remuneration accounting for over 70% of total income, ensuring a stable and predictable revenue stream. Additionally, annual income is secured with a guaranteed minimum growth of 3% or CPI. Long-term agreements and a positive relationship with the body corporate further enhance the value of this opportunity.
Don't miss out on this outstanding business! Contact the exclusive agent today for more details.
More Information
- Total Purchase Price: $1,840,000
- Net Income: $ 218,636
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 770,000
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?