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SOUTHSIDE BUSINESS - NO REQUIREMENT TO LIVE ON SITE
$1,762,000
Permanent Management Rights, KINGSTON QLD
What an opportunity here! Representing an excellent return on your investment you cannot go past this terrific southside Management Rights business for sale.
Your modest real estate investment of $800,000 is an affordable component of the overall business acquisition cost and waits for the astute business person to take the reins.
Buyer's choice as to residing off or on-site. Manager's 3-bedroom townhouse is presently rented out at $550 per week ($28,000 p.a.) which is excluded in the business net profit of $181,000. The manager's office has a separate entry from the residence.
A generous Body Corporate salary of $117,000 p.a. (ex GST) representing over 60% of net profit is on offer. Supported by over 22 years remaining on Management Agreements, there are no fixed office hours and a very cooperative committee. Furthermore, the management rights agreements have recently been topped up.
The incoming purchaser will also acquire a quality onsite letting pool, all in high demand, due to Kingston's great location midway between Brisbane and the Gold Coast.
This modern, secure, gated community has easy care grounds and no fixed office hours, allowing for a quality lifestyle for the incoming manager. The swimming pool is maintained by a professional pool shop, with technicians attending on-site.
Genuine buyers, please do not delay your enquiries as this gem of a business won't last long in the present market!
More Information
- Total Purchase Price: $1,762,000
- Net Income: $ 181,555
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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?