A Great Business for a Great Lifestyle!

$3,540,000+Manager Units At Valuation

Permanent management rights, Kallangur QLD

Income $590,087 + $31,200 = $621,287
Salary $244,524 increase every year according to CPI Increase
22 years remaining on 25 years agreement
3 Beds 2 Bath Manager Residence - $650,000 or At Bank Valuation

3 Years Old Townhouse Complex
No fixed office hours required
Low-maintenance grounds and gardens
Perfect for investors, new buyers or as an addition to your existing portfolio
Just 30 km from Brisbane CBD and Port Brisbane's airports
Only 5 minutes from North Lakes Westfield, a popular shopping destination
Quick access to the Bruce Highway and Moreton Bay beaches
Nearby waterfront picnic area with boating and recreational access
Highly sought after by tenants with Employment opportunities, Convenient transportation, Quality education facilities, High rental potential for investors

View by Appointment, Contact The SIRE Team for more information! Will be sold very quickly!

More Information

Financial Overview

Total Purchase Price: $3,540,000+Manager Units At Valuation
Net Income: $ 590,087 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{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.}

Letting Business

Letting Pool: 135
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 11
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 244,524
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 2 years
_{How long has the management rights existed.}

Office Hours: NONE
_{Required Office Hours}

Complex Features: 3Years Young, Minimum gardening, Great supply of permanent tenants, Great Location, Very easy to look after, Very nice committee

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Flexible work hours, work at home, spacious 3 bed, 2.5 bath, DLUG parking for manager, well laid out office on title and fully air-conditioned so you work in comfort