Carseldine, Queensland
3.96 Multiplier on Brisbane Northside - ID 9193
$1,226,000
Business Description
Permanent Management Rights For Sale
Easy Second Income in Your Spare Time
- Large Body Corporate salary of $86,435 + GST, with annual CPI increases
- All permanent rentals with a small letting pool of only 13 units
- Stable, secure income with low management demands and strong growth potential
- Minimal facilities to maintain, only a small pool
- Very low-maintenance gardens with minimal grass
- Simple workload and flexible hours, allowing time for other work or additional income
- No set office hours - manager is only required to be contactable by phone
- 25 year agreement with 18 years remaining, providing long term security
- Net profit $120,573 with excellent potential to increase income
- Attractive 3.96 multiplier on Brisbane's popular northside
- Independant manager's residence with 3 bedrooms, 2 bathrooms, 1 garage, air conditioning and large outdoor areas
- Convenient and peaceful location, close to all essential amenities
Looking for a second, easy income in your spare time? This is an opportunity you can't afford to miss.
Net Profit: $120,573
Asking Price: $1,226,000
(Inclusive of Manager's Real Estate)
For further information or to arrange an inspection of this Brisbane Management Rights opportunity contact:
Management Rights Broker
Bill He
Property Code: 1003
Business Summary
Business Snapshot
Price: $1,226,000
Net Profit: $120,573 Remuneration / Body Corp Salary: $86,435
Managers Unit
Value of Managers Apartment: $748,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Stand alone 3 bedroom home, 2 bathrooms, air conditioning, 1 garage and spacious outdoor areas.
Complex Information
Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 18 yearsPool: Yes
Key Investment Insights
Key Insights:
- The business has a large Body Corporate salary of $86,435 + GST, providing a stable and secure income with annual CPI increases.
- The complex only has 13 permanent rentals, making it easy to manage with minimal demands and strong growth potential.
- The facilities to maintain are minimal, with only a small pool and low-maintenance gardens.
- The workload is simple and flexible, allowing for other work or additional income.
- The manager is only required to be contactable by phone, with no set office hours.
- The 25 year agreement with 18 years remaining provides long term security.
- The net profit of $120,573 has excellent potential for growth.
- The attractive 3.96 multiplier on Brisbane's northside makes this a desirable investment opportunity.
- The independent manager's residence has 3 bedrooms, 2 bathrooms, 1 garage, air conditioning and large outdoor areas.
- The location is convenient and peaceful, close to all essential amenities.
Management Rights Multiplier: 3.96
ROI Estimate: 25.22%
