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Near New Permanent Management Rights For Sale
5.6 Multiplier + $650,000 At Bank Valuation
Permanent management rights, GRIFFIN QLD
The Opportunity at a Glance:
Asking Price: $2,566,883 and $650,000 manager residence.
Net Income $458,372 = Gross Income $562,994 - Expense $104,622
Body Corporate Salary: $266,896 p.a. (ex-GST) a robust foundation representing near 56% of net profit.
The manager residence: A premium, 3-bedroom, 2-bathroom standalone villa with double garage, private backyard, and a dedicated attached office.
Investment Highlights:
With low-maintenance design and streamlined upkeep, One body corporate. this complex is ideal for investors seeking a well-managed and efficient business model. Located in a highly desirable Queensland suburb known for its convenient amenities, top-rated schools, few minutes to Westfield Northlakes and scenic parks, this property enjoys consistent tenant demand and strong rental yields.
View by Appointment: Discover your next business venture
** SIRE Management Rights
More Information
- Total Purchase Price: 5.6 Multiplier + $650,000 At Bank Valuation
- Net Income: $ 458,372
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?