PERFECT FOR A TWO-PERSON TEAM! $300K+ VERIFIED NET

$2,526,500

Permanent management rights, Hendra QLD

Outstanding Management Rights Opportunity Northside
Proudly Offered by Management Rights Brokers Australia

Seize the opportunity to acquire a high-performing permanent management rights business within an extremely desirable townhouse complex in Brisbanes northside, located just 12klms from the city. This well-established operation comprises over 100 lots, with 36 in the letting pool plus 2 external lets and secure long term accommodation agreements in place.

Delivering a strong net profit of $319,568 (including external lets) this investment offers an excellent ROI on a $2.526M purchase price, which includes the managers residence.

The managers dwelling is a spacious 3-bedroom detached town home with a separate office on title.

With straightforward caretaking duties, proactive and supportive Body Corporates, this is a rare opportunity ideal for first time buyers or experienced operators looking to grow their portfolio.

Key Features:
100+ lot complex with 36 in the letting pool (plus 2 ext lets)
Holmans verified net profit of $319,568 (incl 2 ext lets)
ROI on business in excess of 22%
Long term Accommodation Module agreements
Body Corporate salary circa $180K representing over 55% of the net operating profit
Well-maintained 3-bedroom managers real estate
Prime location close to schools, shops, sports facilities, and just 12km from Brisbane CBD
Flexible hours and no fixed schedule
Strong investment returns on $2,526,500 purchase price including managers residence

Inspections by appointment only:
Enquire today to secure this exceptional management rights business in one of Brisbanes most desirable suburbs.

More Information

Financial Overview

Total Purchase Price: $2,526,500
Net Income: $ 319,568 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,100,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.5
_{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: 36
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 8
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 100
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 177,487
_{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: None
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,100,000
_{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: Yes
_{Can the manager own a pet on site?}

Unit Features: