Proudly supported by all of the industry's leading brokers
SIRE Management Rights is delighted to exclusively offer Brisbane North side
2,100,000
Permanent management rights, Bracken Ridge QLD
Managers Residence:
- Spacious 3 bedrooms + study, 2.5 baths, DULG
- Spacious Office On Title
- Air conditioners to all rooms and office
- Beautifully presented manager's unit
- Contemporary with tiled floor downstairs
- The manager's unit offers a good size
- Big balcony, stand alone house
- Very flexible times & work from home office
- (Note: Manager unit rental income of $20,800 per year is not included in the net income.)
Business:
- Great location easy to rent, no vacancies
- Units with competitive size in the letting pool
- Easily run by husband and wife team part time
- Low work load no office hours easy maintenance
- Great potential profit on repairs & maintenance great potential to increase letting pool
- Peaceful and quiet complex, easy to manage
- Very good committee and Body Corporate which is very helpful and supportive
- All regular building maintenance is carried out by contractors
- Great location with 2 bus station around the corner. Short walk to TAFE complex, schools and childcare. Walking distance to shopping centre. Mins drive to
the highway.
- No vacancy. Easy to rent. Lots of stable and long term tenants.
- Only one Body Corporate. Very simple and good committee and Body Corporate which is very helpful and supportive.
This is a great opportunity for first time buyer or an experienced buyer.
For more information contact The SIRE Team on 0404 331 310 or email now.
More Information
- Total Purchase Price: 2,100,000
- Net Income: $ 274,023
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 580,000
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?