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NEED HEADING | Resort Brokers ID : MR008693
$1,150,000
Permanent Management Rights, Highland Park QLD
ResortBrokers presents an excellent management rights opportunity in Highland Park with the Panorama Palms townhouse complex. This permanent management rights business includes 53 lots, 15 in the letting pool, and a secure 20-year Accommodation Module agreement.
Generating a strong net profit, the business opportunity offers an attractive 11.5% return on investment for a $1,150,000 purchase.
The managers residence is a three-bedroom townhouse, with no requirement to live onsite, making it rentable for additional income. With straightforward caretaking duties and a supportive body corporate, this opportunity is ideal for semi-retired couples or operators expanding their portfolio.
- Ideal townhouse management rights for first time buyers
- Prime location near schools, shops, and sports fields
- Well-maintained 3-bedroom residence with office
- Sustainable letting pool generating over $30,000
- Flexible hours with no set schedule
- 20 years remaining on Accommodation Module
- Body Corporate Salary is 70% of net operating profit
- Attractive 11.4% ROI on $1,150,000 including manager's residence
- Inspections by appointment only
Date updated: 29 Apr 2025 23:00:02
More Information
- Total Purchase Price: $1,150,000
- Net Income: $ 132,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?