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Profitable Opportunity in Spence - ID 9206
$850,000
Permanent management rights, Cairns QLD
Permanent Management Rights for Sale
Live, Work & Earn in Tropical North Queensland
- Well-maintained residential complex in a high-demand rental area
- No set office hours flexibility and autonomy
- Strong income from 11 units in letting units plus in excess of $108,000 in caretaking agreement salary
- Consistent occupancy and low vacancy rates
- Excellent Body Corporate relationship
- 2br Comfortable managers unit included
- Office on Title attached to Residence
- 5 minutes from CBD
- Tropical Climate, Laid back Lifestyle and strong local Economy
- 17 Years left on agreement, so can be bank financed
Net Profit: $106,000
Asking Price: $850,000
(Inclusive of Managers Real Estate, $390,0000 MR and $460,000 RE)
More Information
- Total Purchase Price: $850,000
- Net Income: $ 106,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 460,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.7
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?