Lewin Apartments

Address
LEWIN apartments 4-6 Lockhart Street  WOOLLOONGABBA QLD 4102
Financial overview

  • Total Purchase Price: $ 225,000

    Net Income: $ 45,000

    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: 5

    Number of units the manager is authorised to manage.

    Owner Occupiers: 7

    Number of units resided in by their owners.

    Outside Agents: 10

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

    Units In Complex: 22

Caretaking

  • Remuneration: $ 29,189

    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: 16 years

    How long remains on the caretaking contract before it must be renewed?

    Agreement Age: 9 years

    How long has the management rights existed.

    Office Hours: N/A

    Required Office Hours.

Profit/Loss Statement
Expenses
Accounting and audit fees $1 200
Bank Charges $300
Computer software $100
Postate & Petties  $50
Repairs & Maintenance $500
Licence Fees $450
Telephone/Mobile  $100
Printing & Stationery $120
Motor Vehicle $300
EXPENSES $3 120
Management, comission from caretaker software March 2020 - February 2021
Mar. $1 516,4
Apr. $1 204
May. $1 416,92
June $2 780,2
July $1 167,49
Aug. $1 698,8
Sept. $1 334,4
Oct. $1 880,6
Nov. $1 783,34
Dec. $1 643,97
Jan. $1 809,21
Feb. $5 268,03
  $23 503,36
Net income
Caretaker fees - current salary  $29 013,24
Commission & management fees $23 503
Repairs & Maintenance  
Including petrol from body corporate $1 000
NET INCOME $53 516
Net profit
Net income $53 516
Expenses -$3 120
NET PROFIT $50 396
Real estate component

Management Rights - Brisbane, Australia

Management Rights
Contact

Kalman Meszaros

Call:   0468 775 667

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