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25 years new agreement! No request to live onsite!
$1,640,600
Permanent management rights, Richlands QLD
Conveniently located near the M5 and M7 highways, this complex offers easy access to a major transportation hub. The surrounding area features supermarkets, restaurants, gyms, fruit stores, and parklands, providing excellent amenities for residents. Within a 4-minute drive, you'll find primary schools and a large shopping centre. The BC remuneration weighted over 50% of the income with manageable caretaking work by oner person, the other person can focus on the letting business. Suit for couple and first-time buyer. A new 25-year long-term agreement provides the manager with the flexibility to be either onsite or offsite.
The managers residence is a spacious three-bedroom home with a double lock-up garage, a large office, and a versatile multipurpose room that can easily be converted into a fourth bedroomperfect for family living.
This is a fantastic opportunity for anyone seeking stable income. Contact the agent for more details or to arrange an inspection.
More Information
- Total Purchase Price: $1,640,600
- Net Income: $ 190,500
(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