[Mansfield State High School Catchment, 4.49 Multiplier] 21-Year Property Management Rights for Sale

Permanent management rights, Carindale QLD

1. Location: Located in the Brisbane East-South area within a renowned Mansfield State High school catchment.
2. 21-Year Property Management Rights Business: This business includes long-term property management rights for a healthy community, which is easy to manage and maintain. The post-tax annual Body corporate remuneration is $69,700, with wages steadily increasing each year according to the CPI. It manages a letting pool of 13 properties, generating an income of $40,235. The annual net profit is $109,935.
3. No live onsite, No Office Hours.
4. Excellent Manager’s Residence: Includes a 3-bedroom, 2.5-bathroom home with a single garage, plus 2 outdoor parking spaces and an office. The price is $900,000.
5. Convenient Transportation: Close to the M1 motorway and near the Westfield shopping center.
6. Close to Pacific Golf Club
7. Business Price: The business is for sale at $493,608, with a multiplier of 4.49 The total price is $1,393,000.