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5.2 Multiplier - 20-Year MR with large caretaker house, No Onsite Resident, No Gate, No Office Hours
$1,330,000
Permanent management rights, Kallangur QLD
Business Highlights:
20-Year Management Rights with Exceptional Income Potential
--Secure and Stable Income: Enjoy a consistent income stream with a net profit of $144,779 per year, comprising a $110,000 salary (subject to CPI adjustments) and $40,000 from managing rental properties (letting pool).
--Flexible Lifestyle: Unburdened by onsite residency requirements, office hours, or gate duties, allowing for a flexible and balanced lifestyle.
--Spacious and Convenient Living: Reside in a well-maintained 345sqm villa, featuring 3 bedrooms, 2 bathrooms, a double garage, an office, and ample living space. The villa is conveniently divided into two units with separate entrances. The main unit offers 2 bedrooms, 1 bathroom, a living area, and a kitchen, while the second unit comprises 1 bedroom, 1 bathroom, and an office.
--Additional Rental Income Potential: Generate extra income by renting out the main unit, which can fetch approximately $28,000 annually.
--Prime Location: Conveniently located near M1 motorway and Westfield shopping center, ensuring easy access to amenities and transportation.
Exceptional Value Proposition
--Attractive Multiplier: Acquire this lucrative business at a compelling multiplier of 5.2.
--Comprehensive Package: Purchase both the management rights business and the spacious villa for a total price of $1.33 million.
Seize this Remarkable Opportunity
This exceptional investment presents an opportunity to own a thriving management rights business with a net profit of $144,799 per year, coupled with the flexibility to live in a spacious and well-appointed villa. With its prime location and attractive multiplier, this business is poised for continued success.
Contact us today to explore this exceptional opportunity further.
DISCLAIMER
The agent gives notice that:
1. The figures and information disclosed in this Information Memorandum are provided by the vendor. All intending purchasers are to make their own enquiries and assessments as to the accuracy or otherwise of the information supplied by the vendor.
2. It must be noticed that agent has no access to full sets of accounts or legal documentation for verification purposes. No liability for the information will be accepted by the agent and parties should make their own investigations as to the accuracy of these figures and information.
More Information
- Total Purchase Price: $1,330,000
- Net Income: $ 144,779
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 580,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.2
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?