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$2,191,136 Negotiable
Permanent management rights, Eagleby QLD
Exclusive Opportunity to Acquire Management Rights in a Premier Eagleby Townhouse Complex!
SIRE Management Rights is excited to present a fantastic opportunity to secure the management rights for a low maintenance, permanent townhouse community in Eagleby. Whether you're a first-time buyer looking for a stable income or an experienced operator seeking to expand your portfolio, this opportunity is perfect for you.
A standout feature of this business is the flexibility it offers. With no set office hours, youll enjoy complete freedom in managing the operation. The manager or their nominee can live in any unit within the complex, with the option to rent out the managers unit if preferred.
The complex is a non-gated community offering premium amenities including a swimming pool, gym, and BBQ area all contributing to the appeal for tenants. The body corporate covers the costs for professional pool maintenance and provides a ride-on mower for the manager, also handling repairs and replacements.
The business operates under a 25-year caretaking and letting agreement, with over 22 years remaining. This ensures long-term security and profitability. The agreement has been renewed successfully through top-ups, highlighting the strong relationship between the current manager and the body corporate, committees, and owners.
This is a rare opportunity for an incoming operator to take over a successful business with a strong net profit and stable body corporate salary.
Key Features:
* Freedom and Flexibility: No set office hours, allowing for a more relaxed business schedule
* Long-Term Security: 22+ years remaining on the caretaking and letting agreement
* Manageable Duties: Easy-to-handle caretaking responsibilities
* Spacious Managers Unit: A large 4-bedroom unit perfect for family living
* Flexible Living Arrangements: Manager or nominee can reside in any unit, with the option to rent out the managers unit
* Ideal for All Buyers: Whether youre a first-time buyer seeking a solid income stream or an experienced operator expanding your portfolio, this is the opportunity youve been looking for
* Inspection by Appointment: Available upon request
Don't miss out on this unique chance to take over a thriving business in a high-demand location. Contact us today to schedule an inspection!
More Information
- Total Purchase Price: $2,191,136 Negotiable
- Net Income: $ 274,752
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 680,000
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?