Great Nett Income at an even better Multiplier in Brisbanes Growth Corridor

$2.76M MR$570K Unit = Total $3.33M

Permanent Management Rights, DINMORE QLD

Outstanding Management Rights Opportunity in Brisbanes Western Suburbs
This large, well-established management rights complex offers significant income potential and a seamless operation, making it an exceptional investment. Conveniently located just 15 minutes from Ipswich central and close to Redbank Plaza, Costco, and a park-and-ride railway station, the property boasts unparalleled accessibility.

Key Features
Prime Location:

Bus stop at the front door and a railway station within a five-minute walk.
Proximity to major shopping hubs and Ipswichs growing urban center.
Property Overview:

3-bedroom, 2-bathroom townhouses, each with a single lock-up garage and additional vehicle space.
Spacious managers unit with a double lock-up garage, extra parking, full air conditioning, and ceiling fans.
Financial Highlights:

Net Income: $503,339 per annum after expenses, before tax.
Total Purchase Price: $3,330,000 (including real estate valued at $570,000).
Rents increasing consistently with every lease renewal.
Healthy Body Corporate salary indexed to CPI.
Management and Flexibility:

24-year caretaking agreement with no on-site living requirement.
Owners have the flexibility to rent out the managers unit for additional income.
Strong letting pool of 11 units with opportunities to expand by acquiring externally managed units.
Operational Ease:

Grounds maintained with a ride-on mower and whipper snipper (equipment provided by the Body Corporate).
Dedicated single lock-up garage for equipment storage, with potential for added built-in storage space.
Additional Benefits:

Large sinking fund budget ensures well-maintained communal areas.
Why Invest Here?
This complex combines robust financials, minimal management effort, and a prime location in Brisbanes expanding western suburbs. With rising rents, a secure caretaking agreement, and the potential to grow the letting pool, this opportunity is ideal for first-time buyers or experienced investors seeking strong returns.

Dont miss out on this profitable and flexible investment. Contact us today to learn more!

Nathan Eades on 0448 339920

**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

More Information

Financial Overview

Total Purchase Price: $2.76M MR$570K Unit = Total $3.33M
Net Income: $ 503,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 570,000
_{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.}

Letting Business

Letting Pool: 111
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 19
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 16
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 146
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 220,490
_{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: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Nil
_{Required Office Hours}

Complex Features: Low-maintenance grounds, easily managed with a ride-on mower and whipper snipper, with all equipment and consumables provided by the Body Corporate. Spray weeding is handled as needed, and there are no facilities to maintain. Includes a separate single lock-up garage for equipment storage, plus an adjacent area that could be enclosed for additional space, currently used to house a 1,100-litre skip bin for the managers use. A substantial sinking fund is in place, and there is no requirement to live on-siteâoffering the option to rent out the unit for additional income0