North Lakes, Queensland
$50 K Price Drop & Easy Part Time Income - ID 9115
$1,800,000
Business Description
Permanent Management Rights for sale
$254,488 Net in Brisbane Northside
- No requirement to live onsite,
- Live onsite or rent it out for additional rental income, it is all up to you.
- No set office hours.
- Less and easy work with very few hours. All at your own pace.
- Great operation in place, the flexibility to do by yourself in your spare time and keep doing what you do by earning great additional income.
- Great potential to increase more profits.
- Net operating profit is $254,488.
- Residential plus commercial body corporate salaries, total $154,738 + GST, making up large percentage of the total net income, financially stable and secure
- Large modern stylish apartments with 2 bedrooms, 2 bathrooms, 1 car accommodation, 2 air-cons.
- Super convenient location, close to restaurants, shops, medical centre, pharmacy, public transport, major highway, and shopping centre.
- Pet friendly, beautiful modern complex.
The seller has made commitment about other oversea business, urgent sale, drop the price from $1,850,000 to $1,800,000 only ( including excellent manager’s residence ).
If you’re looking for a high-return, easy, and flexible business with great living conditions, this is the one for you.
Net Profit: $254,488
Total Asking Price: $1,800,000
For further information or to arrange an inspection of this Sunshine Coast management rights business for sale contact:
Management Rights Broker
Bill He
Property Code: 937
Business Summary
Business Snapshot
Price: $1,800,000
Net Profit: $256,449 Remuneration / Body Corp Salary: $109,164
Managers Unit
Value of Managers Apartment: $470,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: YesComplex Information
Complex Type: n/aPool: YesGym: YesBBQ Area: Yes
Key Investment Insights
1. Permanent management rights for sale in Brisbane Northside with a net operating profit of $254,488.
2. No requirement to live onsite, giving you the flexibility to live offsite or rent out the manager's residence for additional income.
3. No set office hours, allowing you to work at your own pace and with minimal hours.
4. Great operation in place, with the potential to increase profits and earn additional income.
5. Net operating profit includes residential and commercial body corporate salaries, making up a large percentage of the total income and providing financial stability.
6. Modern and stylish apartments with 2 bedrooms, 2 bathrooms, 1 car accommodation, and 2 air-conditioning units.
7. Super convenient location near restaurants, shops, medical centre, pharmacy, public transport, major highway, and shopping centre.
8. Pet-friendly and beautiful modern complex.
9. Urgent sale with a $50,000 price drop from $1,850,000 to $1,800,000 (including manager's residence).
10. High-return, easy, and flexible business with great living conditions.
Management Rights Multiplier: 5.19
ROI Estimate: 19.28%
