Zillmere, Queensland

Low Multiplier For Netting Over $222K in Zillmere

SOLD

Business Description

• Solid body corporate salary, almost 87.5% of the net income
• Projected 12 months body corporate salary from April 2022 over $193K
• Clear profit & loss report, potentials for additional income from maintenance, cleaning & property sales.
• Current manager sales commission average $40K per year
• Latest top up in June 2022 to 10 years full term agreement
• Not required to live onsite
• No set office hours
• Close to Chermside shopping centre (5 mins)
• Flood free, no insurance claim during Feb 2022 flood

Business Summary

Business Snapshot

Price: SOLD Net Profit: $222,831 Remuneration / Body Corp Salary: $193,128Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $55,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 175Total Units in Letting Pool: 17Agreement Module: AccommodationAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesTennis Court: YesBBQ Area: Yes
Marketing Agent
Lily Liao
Lily Liao

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. The business has a solid body corporate salary, which accounts for almost 87.5% of the net income.
2. There is potential for additional income from maintenance, cleaning, and property sales.
3. The current manager's sales commission averages $40,000 per year.
4. The latest top-up in June 2022 extends the full-term agreement to 10 years.
5. The manager is not required to live onsite.
6. There are no set office hours.
7. The business is located close to Chermside shopping centre, which is only 5 minutes away.
8. The complex is flood-free and has not had any insurance claims during the February 2022 flood.
9. The net profit for the business is over $222,000, making it a profitable opportunity.
10. The projected body corporate salary for the next 12 months is over $193,000.
11. The business has a clear profit and loss report, providing transparency for potential buyers.
12. The manager's unit has a value of $55,000 and includes 3 bedrooms, 2 bathrooms, and 2 car spaces.
13. The complex is permanent and has a total of 175 units, with 17 units in the letting pool.
14. The agreement module is accommodation, and the current agreement term is for 10 years with 10 years remaining.
15. The complex also has amenities such as a pool, tennis court, and BBQ area.

Management Rights Multiplier: 6.72
ROI Estimate: 14.88%

Listing location
Gallery

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Large Remuneration Permanent Management Rights in Brisbane North
Next Business & Property Sales
Large Remuneration Permanent Management...

NINGI

$1,580,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

6 month old Redcliffe Complex on the beach Caretaking only
Ras360
6 month old Redcliffe Complex on the beach...

REDCLIFFE

$1,578,000

Net Income: $148,801
Managers Estate: $985,000 3 Bed 2 Bath
Letting Pool: 124
Remuneration: $148,801

MORETON BAY STUNNER! BEACHFRONT MR WITH STRONG BC SALARY | Resort Brokers ID : MR008021
ResortBrokers
MORETON BAY STUNNER! BEACHFRONT MR WITH...

SCARBOROUGH

$1,561,084

Net Income: $283,827
Managers Estate: $650,000 4 Bed 2 Bath
Letting Pool: 83
Remuneration: $131,790

Stunning Permanent Management Rights in Albany Creek
Next Business & Property Sales
Stunning Permanent Management Rights in...

ALBANY CREEK

$1,492,530

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Handy Life and Solid Business!
Next Business & Property Sales
Handy Life and Solid Business!

CHERMSIDE

$1,530,800

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Exclusive - Outstanding Modern Complex Caretaking Only - ID 9121
Enticing Business Opportunity
Well-established CBD Hotel with Gaming & Accommodation - 1P6039
ACCOMMODATION & TOURISM BUSINESS FOR SALE IN CAPE TRIBULATION - 2820MF
Multi-award winning resort - Tweed Byron Hinterland FHGC | Resort Brokers ID : FH008315
Absolute Beachfront Resort Complex
Waterfront Property within Resort
Drouin Motel - 1P6044
Small Permanent Complex in Southport - ID 8381
Beautiful Redlands Area
Absolute Beachfront Management Rights - ID 8767
Acquire Prime Beachfront Resort, held for a decade, netting over $450,000 | Resort Brokers ID : MR008302
FIRST TIME AVAILABLE IN A DECADE! PRIME LARGE SCALE BRISBANE CBD MIXED-USE MLR! | Resort Brokers ID : MR008299
Outstanding Investment in the Thriving Tourism Industry of Tropical North Queensland - 2835BF
ESTABLISHED BUSINESS-ONLY MANAGEMENT RIGHTS IN COASTAL NSW | Resort Brokers ID : MRB008288
CARETAKING ONLY EASY TO RUN BUSINESS - START SMALL TO BUILD BIG! | Resort Brokers ID : MRC008287
Ocean Views Motel, Lakes Entrance VIC - 1P0297
Huge Remuneration and Small Letting Permanent MR in Brisbane West