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Easy As Chips! Business Only Permanent MR in Beautiful Bayside Cleveland
$220,000 Business Only
Permanent management rights, Cleveland QLD
- Asking for $220,000 on Verified Net Income of $48,686
- Prime Bayside Cleveland
Raby Bay Harbour restaurants just a short stroll away, Cleveland CBD, Train Station, Lighthouse are minutes' walk away
- Fantastic Body Corporate salary of $25,694, with annual increase by CPI every July
- Very well run complex and well established and steady business, all procedures documented
- There are the least facilities in complex, no gate, no pool, no gym, no BBQ, easy to manage
- Small letting pool to give you an undisturbed lifestyle
- Stunning complex very popular with long tenants
- No office, be contactable during normal hours
- Ideal for a family or semi-retired couple looking for an easy income and great lifestyle
This is a rare opportunity to purchase such a beautiful lifestyle and easy permanent management right! Come and take a look, we are sure you will be impressed!
More Information
- Total Purchase Price: $220,000 Business Only
- Net Income: $ 48,686
(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