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LOCATION, LOCATION - AND - NO REAL ESTATE TO BUY!
$610,000
Permanent Management Rights, CALAMVALE QLD
Are you looking for a profitable venture in the thriving Calamvale area? Look no further! We are delighted to present this fantastic opportunity to own a highly successful residential management rights business. With excellent financial figures and a prime location, this business is your gateway to financial success and a rewarding lifestyle.
Key Features:
Excellent Financial Returns: With a net income of over $107,000 including a Body Corporate remuneration of $61,724 p.a. this business promises excellent financial rewards and a solid return on investment.
Secure and Stable: With a remaining agreement of 21 years, you will 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 16 properties, this business offers a solid foundation for sustainable growth.
No Real Estate: No additional capital outlay. Excellent return on investment!
Prime Location: Situated in the highly sought-after area of Calamvale, this business enjoys a terrific location with minimum garden work & facilities, one small gym, no BBQ, no swimming pool. Benefit from proximity to essential amenities, schools, shopping centres, parks, and excellent public transport.
Do not miss this exceptional opportunity to own a highly profitable rental management rights business. Whether you are 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 Selina Zhong today to learn more about this remarkable opportunity and secure your future in the thriving real estate industry. Act swiftly as opportunities like this are in high demand. Do not delay, take the first step toward financial independence and professional fulfillment!
More Information
- Total Purchase Price: $610,000
- Net Income: $ 107,470
(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