Proudly supported by all of the industry's leading brokers
only 2.8x and no live onsite!
$588,000
Permanent management rights, East Ipswich QLD
- Situated in one of Ipswich's prime locations with walking distance to East Ipswich train station and located close to Riverlink and Booval shopping centres, Medical precinct and located in the heart of Ipswich.
- Caretaking and letting agreement offer unparalleled flexibility, with no rigid office hours and no obligation to reside on-site. Current manager unit lease out at $370 per week which can contribute another $19k per year. The last 12 months actual net income is 74,340, however, include the manager unit rental income, it's over $93k income and sell at bargain price of $588,000 to make the return on investment around 16%.
- The workload manageable by one person. All front gardens of units are maintained by residents.
- Nice and large manager unit with 2 bedroom plus third room to use as an office.
- Fantastic body corporate manager and committee members to work with.
The total investment price is only $588,000 which is lower than average industry house price, however, it's with another $93k cashflow per year. What are you still waiting for this great opportunity, call exclusive agent, Celine to request the IM and book your inspection.
More Information
- Total Purchase Price: $588,000
- Net Income: $ 74,340
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 380,000
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?