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Only 2x Multiplier in Ipswich - ID 9202
$655,408
Permanent management rights, Eastern Heights QLD
Permanent Management Rights for Sale
Super Easy Duties & No Set Hours
- Stable Income: Body Corporate salary makes up over 80% of net profit, ensuring consistent cash flow.
- Low Maintenance: No swimming pool and minimal gardens reduce upkeep.
- No Set Office Hours: Flexible management with no fixed schedule.
- Spacious Residence: 3 bedrooms, 2 bathrooms, double garage, and office on title.
- Growth Potential: 12 units with outside agents offer significant letting pool expansion.
- Minimal Overheads: No costly amenities like pools or major landscaping.
- Stable Body Corporate Salary: $50,344 + GST annually, with CPI increases.
- Net Profit: $52,704 per annum.
- Secure Agreements: 25-year term with over 13 years remaining.
- Great Value: Low multiplier of 2, asking only $655,408 including the spacious managers unit.
Secure a large property and get the business nearly free.
Net Profit: $52,704
Asking Price: $655,408
(Including spacious 3-bedroom managers townhouse )
More Information
- Total Purchase Price: $655,408
- Net Income: $ 52,704
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.0
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?