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Prime Location For First Time Buyer
$1,370,000
Permanent management rights, Annerley QLD
Situated at the golden junction between Brisbane's southern suburbs and the city. It's just a four-minute walk to the Fairfield train station and close to the M3 motorway, making travel incredibly easy. The community is surrounded by major supermarkets like Coles and Woolworths, as well as facilities such as a library, parks, swimming pool, and gym, providing excellent living amenities. Yeronga State High School is just a five-minute drive away.
The manager's unit comes with an additional parking space, and 2 spacious bedrooms. With no set office hour, making the working time more flexible. The remuneration is accounting for 65% of the income, coupled with a moderate number of rental units, and a 22 years long-term agreement, it ensures a stable income. Dont miss this rare opportunity!
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More Information
- Total Purchase Price: $1,370,000
- Net Income: $ 157,816
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 570,000
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?