Exceptional Management Rights Portfolio with Strong Income and Growth Potential - ID 9173

$1,633,200

Permanent management rights, Goodna QLD

Permanent Management Rights For Sale

This is your opportunity to secure a thriving management rights business comprising two low-maintenance complexes located just 20 minutes apart. With stable income, minimal upkeep, and significant potential to grow the letting pool, this portfolio is perfectly suited to first-time buyers or seasoned operators looking to expand.

Key Features:

Reliable income stream with body corporate salary making up ~84% of the net profit.
Low-maintenance complexes no pools and minimal garden upkeep.
Flexible living arrangements, including a rented managers residence generating additional income.
Opportunity to double the letting pool with 24 units currently managed by outside agents.
Spacious standalone managers residences with modern design and functional layouts.
Prime locations offering tenant appeal, including proximity to parks and essential amenities.

With streamlined operations and exceptional potential for growth, this portfolio offers an outstanding return on investment. Dont miss your chance to acquire this well-established, easily manageable business.

Net Profit: $184,000
Asking Price: $1,633,200
(Inclusive of Managers Real Estate 2 townhouses)

More Information

Financial Overview

Total Purchase Price: $1,633,200
Net Income: $ 184,000 (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: 4.8
_{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: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 45
_{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: 24
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 89
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 155,230
_{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: 27 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Gym

Real Estate Component

Manager's Unit: 0 0

Included Real Estate: $ 750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 0

Office On Title: 0
_{Is there a manager's office included on the title?}

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

Unit Features: Two managers residences one in each complex. One residence has 3 bedrooms and 2 bathrooms - priced at \\\$450,000, the other has 2 bedrooms and 1 bathroom - priced at \\\$300,000.