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PRIME PICK! SLICK AND WELL-RUN PERMANENT MLR WITH 24 YEAR TERM&$200K P.A. | Resort Brokers ID : MR008353
$1,546,667
Permanent Management Rights, North Lakes QLD
A top choice for newcomers or experienced managers looking to upsize or expand their income.
This management rights and associated real estate in North Lakes is a sound and smart business investment that gives you a decent income, good security, and plenty of flexibility.
The well-run and beautifully maintained complex will be a breeze to take on, with a supportive committee recently topping up the agreements. It has 24 years on the term and provides a base BC salary circa $130K with 3% annual CPI increase. There are no set office hours and no requirement to live onsite, though you can opt to live in the spacious three-bed managers residence if desired or rent it out for extra income.
Either way, with a net of over $200,000 per annum, this is a prime investment opportunity that all buyers should be quick to consider.
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Brand new Caretaking& Letting Agreements with 24 years remaining
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Fully established, permanent MLR with $200,000+ net profit
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No set office hours allowing freedom to operate to meet your needs
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Great BC Salary circa $130,000 p.a. with annual 3% CPI renewal
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Quality onsite facilities of swimming pool with BBQ seating area
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Option to live in or rent outthelarge 3-bed manager’s townhouse
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Supportive committee, good business setup with reliable handover
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Peaceful location with easy access to transport, shops& top schools
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Ideal opportunity forthefamily to earn a big income& live in a great community
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Inspections are by appointment only
Date updated: 01 Dec 2024 22:00:03
More Information
- Total Purchase Price: $1,546,667
- Net Income: $ 200,156
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 610,000
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?