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Exclusive - 15% Return on Investment - ID 9158
Low Multiplier 5.5 ROI 15%
Permanent management rights, Raceview QLD
UNDER CONTRACT
Thriving Suburb
Discover an exceptional management rights opportunity in a thriving suburb. This offering includes management rights to a well-maintained complex with a strong rental demand and efficient operations. With its close proximity to shops, schools, and other amenities, this investment promises solid returns and significant growth potential.
- Net Profit: $432,769
- Total Asking Price: $2,940,000
- Convenience: No requirement to live onsite
- Management Rights Agreement: 24 years remaining
- Large Letting Pool: Total Units: 104 townhouses with Letting Pool: 102 townhouses
- Operational Excellence: Efficient systems in place delivering high-quality service
- Low Maintenance: Well-maintained common areas designed for minimal upkeep
- Facilities Included: Gym and CCTV security system, enhancing tenant satisfaction
- Managers Unit: Large, modern 4-bedroom stand-alone townhouse with a spacious on-site office, air conditioning, double lock-up garage, private backyard, and covered patio area
- Flexible Management: No set office hours, offering flexibility in management approach
- Strong Relationships: Excellent rapport with the body corporate committee, fostering a collaborative environment
This is a unique opportunity to secure a high-return investment in a growing market. Ideal for investors seeking stable, long-term growth with minimal management demands.
Net Profit: $432,769
Asking Price: $2,940,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: Low Multiplier 5.5 ROI 15%
- Net Income: $ 432,769
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 2,940,000
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?