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BRISBANE SOUTH MANAGEMENT RIGHTS
$1,288,000
Permanent Management Rights, KURABY QLD
With the benefit of this exceptional south-side Brisbane location, residents have convenient M1 access to Brisbane city and the Gold Coast. Only a few minute's drive to major shopping centres and walking distance to train station, park and school.
The suburb of Kuraby is a key rental market and this Management Rights business always has a waiting list of high-quality tenants. The stand-alone villas in the letting pool are all very popular.
This business has a supportive Body Corporate relationship with over 20 years remaining on management agreements. On offer is a salary of OVER $84,000, providing a stable income, increasing by CPI yearly and representing greater than 50% of total declared net business profit.
Manager's abode is a roomy 3 bedroom stand-alone villa providing ample space for a family.
Call me today to arrange an on-site inspection of this solid Management Rights business.
More Information
- Total Purchase Price: $1,288,000
- Net Income: $ 144,428
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 595,000
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?