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Health Issue @ 3.85x - $104k Profit in Prime Ipswich, Minimal Duties + 5 Year Top Up In Motion!
Retiring - $401K MR + $598K Unit = Total $999k
Permanent Management Rights, BRASSALL QLD
Offered for sale due to health reasons, this established management rights of 68 townhouses delivers a secure $104,349 p.a. net profit. The agreements sit under the Accommodation Module with 18 years remaining, and a 5-year top-up motion is already underway, extending them through to 2048 for the incoming manager.
Currently operated as caretaking plus 6 lettings included in the sale, its the ideal lifestyle business. The workload is lightjust 10 am2 pm weekdays, with no live-in requirement, minimal gardening, no gym, and straightforward facilities such as a pool, BBQ and landscaped gardens.
For buyers seeking growth, theres additional upside. A further 15 units in the complex are currently managed externally, presenting a clear opportunity to expand the letting pool and grow the income over time.
The location is another strong drawcardminutes from Brassall Shopping Centre, just 10 minutes to Ipswich CBD, and around 45 minutes to Brisbane via the Ipswich and Warrego Motorways.
This is a rare chance to secure a low-stress, secure income with genuine growth potential in one of South East Queenslands most promising regions.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: Retiring - $401K MR + $598K Unit = Total $999k
- Net Income: $ 104,349
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 598,000
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?