LARGE INCOME - BUSINESS ONLY

$2,820,000

Permanent management rights, Dinmore QLD

HIghlights

* No Real Estate to Purchase
* Exceptional Return on Investment
* High profit with low overheads
* No office hours on agreements
* Secure BC Salary increasing by CPI each July
* Guaranteed growth with rents increasing
* Recognised Rental Program (REI Master)
* Other systems in place
* Preferred Contractors in place
* Ipswich central is just 15 minutes drive away and Redbank Plaza and Costco within a few minutes drive
* Bus stop at the front door and park and ride railway station within a 5 minute walk
* All 3 bedroom townhouses with 2 car spaces
* No facilities to look after.

More Information

Financial Overview

Total Purchase Price: $2,820,000
Net Income: $ 499,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{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.}

Letting Business

Letting Pool: 105
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 22
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 19
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 146
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 225,982
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 7 years
_{How long has the management rights existed.}

Office Hours: None on Agreements
_{Required Office Hours}

Complex Features: Easy to manage with all grass done with ride-on mower and whipper snipper, All equipment and consumables paid by Body Corporate, Spray weeding done as required and no facilities to maintain, Separate single lock-up garage equipment storage, Area beside that could be built in for further space, 1100litre skip bin at the managers disposal.