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High ROI Management Rights In Prime Location
$1,720,000
Permanent management rights, Forest Lake QLD
- Great location, close to shopping center, public transport, ample parking
- Rent keep increasing in this area with young professional tenants on waiting list
- Solid body corporate salary increase every year
- Perfect for new or experienced buyers
- Easy to get finance
- Clean profit and loss income from letting commission and salary
- Huge potential for someone who is a handyman or don't mind extra income source such as cleaning or R&M
- Call 0404331310 now for a private inspection daily
More Information
- Total Purchase Price: $1,720,000
- Net Income: $ 193,988
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 698,000
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?