Proudly supported by all of the industry's leading brokers
BUSINESS ONLY IN KALLANGUR!
Only a 4.6 Multiplier
Permanent management rights, Kallangur QLD
The Perfect Add-On, The Perfect Part-Time Role, The Perfect Complex for a New Manager!
Asking $485,000 on 4.6 and 2.0 multipliers!
The Highlights:
> No facilities to manage - No Pool, Tennis Court Or Movie Stars!
> An Option-Based Term Extension Contract - The Way They Should All Be!
> 35 in total - townhouses
> One Body Corporate - One Proactive Chairperson
> Walk or short roll down the hill from top to bottom complexes!
> The letting pool is made up of 25 internal management appointments, plus one external management.
> The external management has been calculated with a 2 x multiplier in accordance with Industry Practice
Heres what is involved in running this Business Only:
> Weekdays, receipting of rent collected in the trust account and answer any emails.
> Organise any repairs - via the plumber, electrician, gas fitter or handyman.
> All units have a master key system with a lockbox onsite.
> Seller attends the site once a week if needed.
> The contracted gardener mows all grass, units with backyards, and trims hedges.
Call or email GREG today on 0407721335 or greg@ to receive the detailed Business Profile and Erika Thomas Accountants' Figures.
More Information
- Total Purchase Price: Only a 4.6 Multiplier
- Net Income: $ 106,782
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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