Permanent Management Rightsâ No Office Hours&No Requirement to live onsite! | Resort Brokers ID : MR008897

$1,400,000

Permanent Management Rights, HILLCREST QLD

For those seeking a manageable business offering operational flexibility, with no requirement to reside onsite, no set office hours, remote monitoring capability, and the option to rent out the managers unit at $600 per week - extra income of $31,200 per annum.

A long-term experienced contractor is used for gardening, pool maintenance, and cleaning of common areas, minimising daily operations for new management.

This secured residential complex offers exceptional convenience with close proximity to major arterial roads, providing seamless connectivity to both Brisbane and the Gold Coast.

This well-maintained property offers an exceptional opportunity to acquire a well-established management rights business in a thriving, family-friendly community - ideal for seasoned operators expanding their portfolio or first-time buyers entering the industry.

Parkview Hillcrest offers an exceptional opportunity to acquire a well-established management rights business in a thriving, family-friendly community - ideal for seasoned operators expanding their portfolio or first-time buyers entering the industry.

- No requirement to reside onsite and no set office hours, offering ooperational freedom
- Long 21-year tenure on agreements, recently topped up for security of income
- Generous body corporate salary - $107K (over 65% of total income)
- Spacious four-bedroom, two-bathroom manager's unit delivers $600 per week ($31,200 per annum) in additional income
- Office included on title with body corporate covering electricity costs
- Located in a high-demand suburb with strong rental growth
- Experienced contractor manages gardening, pool and common area maintenance
- Inspections are by appointment only
Date updated: 22 Sep 2025 23:00:02

More Information

Financial Overview

Total Purchase Price: $1,400,000
Net Income: $ 163,175 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{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: 27
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 30
_{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: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 60
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 107,112
_{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: 21 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: No set office hours
_{Required Office Hours}

Complex Features: 2 swimming pools CCTV - 8 cameras - cloud based access

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: no
_{Can the manager own a pet on site?}

Unit Features: Currently the manager's unit is rented out to tenant at $600/wk. You can choose to live in the manager's unit yourself or rent the unit out to tenant - great flexibility.