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Permanent, Big Nett Income, Big Remuneration in Brisbane Southwest Suburb
$2,245,000
Permanent management rights, Richlands QLD
Richlands is situated approximately 15 kilometres from the Brisbane CBD and occupies a prime position within South East Queenslands western growth corridor, arguably one of the south-western corridors most accessible suburbs. Richlands is located at the cross over of the Ipswich Motorway M7, Centenary Motorway M5 and direct access to the Logan Motorway, Brisbane Airport and the Port of Brisbane.
- Located in sought after and leafy Southwest suburb of Richlands with all the big name retailers on your doorstep Short walk to Richlands Plaza and Woolworth in minutes, close to all the necessary amenities, dining, shopping, beauty&health and an easy stroll to Richlands Train Station 15 min ride to Sunnybank Hills 20 min to Garden City Westfield 25 min to South Bank Parklands
- Well presented complexes
- Big nett income $272,345 annually
- Permanent management rights business
- Very well run business, all procedures documented
- No set office hours and well-presented on title office
- Investor complex in rental area, less owner-occupiers
- Body Corporate very good and supportive to work with
- Long agreement, still 23 years and 21 years left on agreements
- Great manager remuneration $130,387 with annual adjustment of CPI
- Complex very popular with renters, since ideal location and good rental
- Two spacious manager units, First - three bedrooms, two bathrooms, single garage and attached on title office Second - three bedrooms, two bathrooms, double garage
-Extra rental income on second manager unit about $19,760 annually
Simply, Neat and Tidy! Come and take a look we are sure you will be impressed!!! Please book your inspection with NEXT exclusive agents.
More Information
- Total Purchase Price: $2,245,000
- Net Income: $ 272,345
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 720,000
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?
David Jiang and Marshal Wang
Office : +61 4 55338...Mobile : 0481500278 and 452 580 ...