Evans & Windsor Apartments

Sold
Address
8 Windsor st Nundah
Financial overview

  • Total Purchase Price: $ 405,000

    Net Income: $ 81,000

    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: 5.0

Letting business

  • Letting Pool: 22

    Number of units the manager is authorised to manage.

    Owner Occupiers: 1

    Number of units resided in by their owners.

    Outside Agents: 5

    Number of units being rented by other agents (these could potentially be acquired by the manager).

    Units In Complex: 28

Caretaking

  • Remuneration: $ 36,846

    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: 18 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: N/A

    Required Office Hours.

Profit/Loss Statement
Expenses
Accounting and audit fees $1 800
Bank Charges $480
Computer software $500
Postate & Petties $50
Licence Fees $930
Telephone/Mobile $200
Internet $600
Printing & Stationery $120
Motor Vehicle $520
EXPENSES $5 200
Net income
Caretaker fees - current salary  $36 846
Commission & management fees $40 585
Letting and relet fees $6 569
Postage & Petties $2 200
NET INCOME $86 200
Net profit
Net income $86 200
Expenses -$5 200
NET PROFIT $81 000

 

Real estate component

Management Rights - Brisbane, Australia

Management Rights
Contact

Kalman Meszaros

Call:   0468 775 667

SEND AN EMAIL