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Amazing Opportunity
2200000
Permanent management rights, Highland Park QLD
Good One Realty is proud to present the management rights and associated real estate at Highland Park a high-yield business opportunity offering a solid income( Over 70% from remuneration with CPI increase yearly) , spacious living, and significant growth potential.
This exceptional business comprises 78 townhouses, with 25 units under permanent letting agreements. Supported by long-term Accommodation Module agreements valid until 2048, this venture is ideal for a coupleparticularly one with practical or handyman skills.
Currently, much of the maintenance is outsourced to local tradespeople. By taking on these tasks in-house, a new manager could significantly improve efficiency and profitability. Festival working hour (contactable).
Notably, six units are managed by external agents, representing an immediate opportunity to increase income by transitioning them back into the letting pool under your management.
Alongside financial potential, this opportunity offers an enviable lifestyle in a peaceful, family-friendly environment.
Contact Vincent Ko : 0488 33 4444
More Information
- Total Purchase Price: 2200000
- Net Income: $ 242,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 880,000
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?