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NO Facilities, Business Only, Close to Sunnybank - ID 9215
Super Easy Duties, Huge Income Upside Potential
Permanent management rights, Upper Mount Gravatt QLD
Permanent Management Rights for Sale
Super Easy Duties, Huge Income Upside Potential
- No need to purchase real estate.
- No requirement to live onsite.
- No office and no office hours.
- Minimal garden maintenance.
- No swimming pool to maintain.
- No BBQ area to clean.
- 25-year long agreement with 23 years remaining.
- Significant income growth potential.
Large, stable Body Corporate salary of $83,877 plus GST, with annual CPI increases.
Simple caretaking duties requiring only a few hours per week.
Prime central location, conveniently close to Sunnybank.
All permanent rentals, currently with a rental pool of 4 and 19 managed by outside agents, offering excellent potential to increase rental & sale incomes.
A super simple business only opportunity - one you cant afford to miss!
Net Profit: $101,351
Asking Price:$658,000
More Information
- Total Purchase Price: Super Easy Duties, Huge Income Upside Potential
- Net Income: $ 101,351
(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