High Remuneration, NO live onsite, Over 200k actual income

$1,420,000

Permanent management rights, Hillcrest QLD

- Good locations with easy-to-access public transport, highway and Browns Plains Shopping Centre within few minutes drive.
- Large manager unit with 4 bedrooms that suits families or couples. The agreement did not request to live onsite, the owner has more flexibility to choose either onsite or offsite.
- The remuneration weighs over 60% of the net income to bring the business more stable.
- The rents are still in a low position, and there is big potential for a rent increase to benefit the business income.
- NO request to live onsite, current manager unit generates $36,400 rental income that's not include in the P&L. The actual earning to the business include the rent would be over $200k. (Good return)
- Contact the exclusive agent Celine for further information or book your inspection.

More Information

Financial Overview

Total Purchase Price: $1,420,000
Net Income: $ 168,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 560,000
_{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.}

Letting Business

Letting Pool: 31
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

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

Caretaking

Remuneration: $ 104,510
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 0 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: 0 years
_{How long has the management rights existed.}

Office Hours: no set office hour
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 560,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: 4 Bedroom manager units with big office on title. NO request to live onsite and current rent is \\$700 a week, its \\$36,400 extra income that is not in the PL.