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Business Only In Labrador
$320k - Business Only
Permanent Management Rights, LABRADOR QLD
Management Rights for Villas on Central
Villas on Central offers an exceptional opportunity to acquire management rights in a boutique residential complex located in the heart of Labrador. This well-maintained community comprises 37 townhome-style units, with 2 currently in the letting pool, ensuring a manageable and profitable operation.
Key Features:
Stable Income Stream: Benefit from a strong Body Corporate salary, providing consistent and reliable income.
Low Maintenance Responsibilities: The complex features no additional facilities such as pools or gyms, minimizing upkeep and operational demands.
Desirable Location: Situated in Labrador, residents enjoy proximity to the Broadwater, major shopping centers, reputable schools, and efficient public transport options.
Growth Potential: With only 2 units in the letting pool, there is significant opportunity to expand the rental portfolio within the complex.
This opportunity is ideal for first-time management rights purchasers or as a strategic addition to an existing portfolio, offering a harmonious blend of lifestyle and income.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $320k - Business Only
- Net Income: $ 53,500
(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