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ALL OFFERS WELCOME - MOTIVATED SELLER!
Permanent Management Rights, BEAUDESERT QLD
The Scenic Rim township of Beaudesert is approximately an hour away from both Brisbane and the Gold Coast with real estate prices and rents significantly more affordable. This, combined with the appeal of a semi-rural lifestyle is attracting many people who are moving from the cities to rent or purchase in this growth location. Enjoying family friendly living with Child Care, Primary and Secondary Schools, Aged Care and Medical Services. All centered around a vibrant town with plenty of quality shopping, cafes, and restaurants.
This well presented six-year-old Townhouse complex has 78 Lots with strong Interstate Investor involvement and 67 rentals. The same developer built 18 houses in a nearby subdivision which are also in the manager's letting pool.
Duties are straight forward, with no set office hours and minimal facilities - swimming pool only. The spacious, well-presented manager's home is stand alone with 4 Beds, 2.5 Baths, Double Garage and Office attached.
The agreements have 21 years to run. This solid business shows a Net Profit of $328,203 (including a Body Corp salary of $117,304) and offers an impressive overall return on total investment.
The current Managers have been involved since day one and are now looking forward to retirement, they will provide incoming new managers with full training to ensure a smooth transition.
More Information
- Total Purchase Price: ALL OFFERS WELCOME - MOTIVATED SELLER!
- Net Income: $ 328,200
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 595,000
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?