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Acquire Popular MR Business - Long agreements with manageable duties | Resort Brokers ID : MRB008554
$665,000
Permanent Management Rights, Townsville City QLD
ResortBrokers presents a prime opportunity with Highpoint Apartments in Townsville City. This Management Rights property offers an outstanding body corporate salary of $172,092 p.a., a long-term agreement of 18 years, and potential for growth with 92 units, only nine of which are currently in the letting pool. The property's appeal is enhanced by secure underground parking, prime CBD location, and breathtaking views. The majority of the income is derived from the Body Corporate Salary, ensuring a stable revenue stream. This is a manageable caretaking business with nine letting appointments.
- Outstanding body corporate salary of $172,092 p.a. with guaranteed minimum 3% annual increase
- Long-term agreement with 18 years tenure and assured 3% annual CPI increase
- Potential for growth with 92 units and only nine currently in the letting pool
- Secure underground parking enhancing the property's appeal
- Prime CBD location within walking distance to amentities and Queensland Country Bank Stadium
- Breathtaking views of Townsville City, Magnetic Island, and the Coral Sea
- Stable revenue stream primarily from Body Corporate Salary
- Manageable caretaking business with nine letting appointments
Date updated: 07 Jan 2025 22:00:01
More Information
- Total Purchase Price: $665,000
- Net Income: $ 176,081
(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