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PRIME INVESTMENT - SECURE YOUR FUTURE IN PROPERTY MANAGEMENT
$1,290,000
Permanent management rights, Eight Mile Plains QLD
Seize the chance to own the management rights to a thriving complex in the highly sought-after south area.
Key Features:
- Letting Pool: 14 units under management
- Outside Letting: 7 units
- Net Profit: $108,000 per annum
- Manager's Unit: Standalone 3- bedroom townhouse with secure parking for 2 vehicles
- Manager's Unit Value: $750,000
- Total Selling Price: $1,290,000.
- Manager's Residence: Included in the package is a standalone, stylish 3-bedroom manager's unit valued at $750,000.
This contemporary residence offers comfortable living with spacious interiors, a modern kitchen, and a private outdoor area. Additionally, it features secure parking for 2 vehicles, providing convenience and peace of mind. Stable Income: Enjoy a consistent income stream with a well-maintained letting pool and additional outside letting opportunities. Community and Location: The suburb is well known for its friendly community atmosphere, excellent schools, parks, and convenient access to public transport and shopping centres.
More Information
- Total Purchase Price: $1,290,000
- Net Income: $ 108,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.0
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?