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BRISBANE SOUTH - NET INCOME $339,000 P.A.
$2,933,000
Permanent Management Rights, RUNCORN QLD
Exceptional Management Rights Now For Sale:
Secure a premium residential management rights business in one of Brisbane's most tightly held suburbs.
Location, Location, Location:
Situated near Eight Mile Plains Shopping Centre with convenient access to the Pacific Motorway (M1), Runcorn is held in high regard for its convenience, established infrastructure and strong community.
Popular among professional families and the Asian community, supporting consistent tenant demand and long-term capital growth.
Premium Business:
No set office hours
Not compulsory for the manager to reside on-site
Management Agreements have a term of 22 years remaining
Impressive strata sinking fund balance
Well maintained buildings
Supportive Body Corporate
Strong & Stable Income:
Net Profit: $339,000 per annum
Body Corporate Salary: $221,000 per annum (ex-GST)
Well-established letting pool with strong occupancy rates
Investment Highlights:
Premium Brisbane location
Mature, proven business
Efficient operational structure
Solid income and capital security
Real Estate:
3-bedroom townhouse included with this business with a market value of $899,000. Current rental income is not included in the stated net profit.
Opportunity Knocks:
Business packages with these credentials are rare to the market.
Contact Bobo Qi for more information now!
More Information
- Total Purchase Price: $2,933,000
- Net Income: $ 338,984
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 899,000
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?