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Large South Brisbane Permanent MLR
$3,676,000
Permanent management rights, Eagleby QLD
Management Rights Permanent for sale South Brisbane with large income.
- 4 Complexes located in close proximity to each other all within the South Brisbane Region
- 205 lot in total with 134 letting
- Long agreement for each of the schemes over 20 years on each
- Minimal facilities with only 2 pools and a gymnasium to manage
- Contract gardener in place for all 4 schemes
- Long Term employed manager in place residing in the managers residence.
- Large 4 bedroom 2.5 bathroom freestanding home in Eagleby complex.
- No requirement to reside onsite and no requirement to own real estate as part of the Management Agreement.
- Plenty of scope to increase income through maintenance
- High tenancy demand with very little vacancy across the 4 complexes
More Information
- Total Purchase Price: $3,676,000
- Net Income: $ 535,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 680,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.6
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?
Narelle Filmer Wayne Stoll
Office : 0459229...Mobile : 0459229744 0r 0452 181 ...