Singles Occupied Permanent Complex

$95,000

Permanent management rights, Maroochydore QLD

Simple to operate from home or from an existing Management Rights business.

Perfect add on for existing operator or the semi retired who wants to keep their hand in the rental business.

5 Rental Apartments with 5 individual rentals each, all to single occupiers! A total of 25 rentals under management.

10 Apartments in total in the complex.
Simple agreements with 9 years remaining.
CPI Salary increases limited to 4%
Body Corporate Salary approx $10,500
Net Profit approx $35,000

Contact Listing Agent for more details.

More Information

Financial Overview

Total Purchase Price: $95,000
Net Income: $ 35,000 ()
_{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: 2.7
_{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: 25
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 10
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 10,500
_{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: 9 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 16 years
_{How long has the management rights existed.}

Office Hours: None
_{Required Office Hours}

Complex Features: 10 Apartments in the complex, 5 apartments under management, each with 5 spaces available for rental, 25 rentals in total, all Tenants are Singles, limited grounds to maintain