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Rare Opportunity Three Business Only Management Rights
$1.395 - Business Only
Permanent Management Rights, SOUTHPORT QLD
Rarely do complexes like these come to market, and RAS360 is excited to present this unique opportunitythree near-new, business-only management rights with no facilities to maintain. These complexes offer the perfect caretaking and letting business with minimal operational demands.
Two magnificent, recently completed buildings sit back-to-back, with the third located just 500 metres away. All three benefit from no set office hours and no requirement to live on-site, making them an ideal choice for a streamlined management operation. The gardens and car parks are easy to maintain, ensuring a low-maintenance workload.
Rise Southport and Ascent Southport are mirror-image buildings, both newly constructed, featuring rooftop BBQ areas as their only shared facility. Five Chester, located 500 metres away, also boasts easily maintained gardens and a car park, with an owners lounge as its sole facility.
This is an incredible opportunity to enter the management rights industry without the usual hard work. Its just like purchasing off-the-planexcept better, as all the letting has already been taken care of.
Rise Southport & Ascent Southport: Six-storey buildings, each with 30 apartments featuring two bedrooms, two bathrooms, one car space, and verandahs.
Five Chester: A boutique complex comprising 26 units, designed with spacious living areas that seamlessly connect to wide-sweeping views and alfresco entertainment zones.
The business operates efficiently with just one exclusive-use office located within the Rise complex.
This is an unmissable opportunity to secure a stress-free, well-established management rights business.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $1.395 - Business Only
- Net Income: $ 240,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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