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Rare BUGTAâ Permanent Management Rights with No Live-On Requirement in Prime Be | Resort Brokers ID : MR008511
$2,615,000
Permanent Management Rights, BENOWA QLD
This is an exceptional opportunity to secure permanent management rights in one of Benowas most sought-after residential communities. With a rare BUGTA agreement offering 25 years of long-term stability, this business provides strong financial returns. A generous body corporate salary of $186,209 ensures reliable income, while the management structure allows flexibility, as there isno requirement to live on-site. The letting pool currently includes 26 of 84 units, with potential for growth by securing additional units from the 11 managed by outside agents.
Built by an award-winning developer, this prestigious community is designed for effortless management, with low-maintenance gardens and well-maintained common areas. Residents enjoy first-class amenities and a high standard of living, ensuring strong demand for rentals within the complex. The business appeal is further strengthened by a proactive body corporate and a healthy sinking fund, making this an ideal opportunity for both experienced managers and newcomers to the industry.
Adding to the appeal is the luxurious and spacious managers residence. This beautifully designed 2-bedroom, 2-bathroom home features high-end finishes, a private courtyard, and generous storage. The residence offers the perfect balance of comfort and convenience, making it an attractive base for the management rights owner. With its prime Benowa location, strong financial returns, and long-term security, this is a rare chance to purchase a premium management rights business.
- No requirement to live on-site, providing flexibility for the manager
- 26 of 84 units in the letting pool, with opportunities to increase with 11 outside agents
- Generous body corporate salary $186,209
- Rare BUGTA agreement with 25 years remaining ensuring long-term stability
- Low-maintence gardens and common areas for effortless upkeep
- Built by an award-winning developer, offering first-class amentities in a prestigious location
- Luxurious and spacious 2-bedroom, 2-bathroom manager's residence with a private courtyard and high-end finishes
- A rare chance to secure a stable, long-term management rights business in a highly desirable suburb
- Inspections are strictly by appointment only
Date updated: 01 May 2025 01:00:05
More Information
- Total Purchase Price: $2,615,000
- Net Income: $ 289,329
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 995,000
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?