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[Brisbane South Area - Top School Catchment, 5.0 Multiplier] 22-Year Property Management Rights for Sale
$1,600,000
Permanent management rights, Mansfield QLD
1.Prime Location: Located in the Brisbane South area within a renowned school catchment.
2.22-Year Property Management Rights Business: This business includes long-term property management rights for a healthy community, which is easy to manage and maintain. The post-tax annual Body corporate remuneration is $105,000, with wages steadily increasing each year according to the CPI. It manages a letting pool of 21 properties, generating an income of $73,000. The annual net profit is $166,000.
3.No Office Hours: The small swimming pool is closed in autumn and winter, requiring no maintenance.
4.Excellent Manager's Residence: Includes a 3-bedroom, 2.5-bathroom home with a double garage, plus 2 outdoor parking spaces and an office. Located on a corner lot, with separate entrances for the residence and the office. The master bedroom has a balcony. The price is $770,000.
5.Convenient Transportation: Close to the M1 motorway and near the Westfield shopping center.
6.Business Price: The business is for sale at $860,000, with a multiplier of 5.0. The total price is $1,600,000.
More Information
- Total Purchase Price: $1,600,000
- Net Income: $ 166,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 770,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.0
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?