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PROFITABLE BRISBANE MANAGEMENT RIGHTS OPPORTUNITY
$1,628,000
Permanent Management Rights, WACOL QLD
Are you ready to take charge of your financial future? Here's your chance to own a highly profitable south Brisbane Management Rights business within the suburb of Wacol showing an annual profit of $200,000!
Key Features:
1.Excellent Financial Returns: With a substantial net income of $200,000 including a remuneration of $81,671 (ex GST), this business promises excellent financial rewards and a solid return on investment.
2.Secure and Stable: With remaining agreements of over 24 years, you'll enjoy long-term security and stability. This tenure allows you to establish a strong foothold in the market and build a thriving business. With a solid letting pool of 44 properties, this business offers a strong foundation for sustainable growth.
3.Manager's Unit Included: The freestanding estate features a spacious 4-bedroom, 2-bathroom, double internal garage, and manager's office with separate entrance.
4. Industry Area: Located in a thriving industry hub, this business benefits from a constant influx of tenants and a resilient market. The demand for quality management services is stronger than ever.
5. No Competition: One of the standout features of this opportunity is the lack of direct competition. You have a unique advantage in the market, allowing you to set the rules.
Don't miss out on this exceptional opportunity to own a highly profitable rental management rights business. Whether you're an experienced professional seeking a new venture or a budding entrepreneur ready to make your mark, this business has all the elements for success.
Contact us today for a comprehensive information package and to schedule a private inspection.
More Information
- Total Purchase Price: $1,628,000
- Net Income: $ 200,056
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 610,000
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.
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?