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Business ONLY with over $308k Net
$1,848,000
Permanent management rights, Griffin QLD
This is a rare, high-income business-only permanent management rights opportunity currently available on the market. With no managers unit required to be purchased and no onsite living obligation, this business offers excellent flexibility and delivers a strong return with an ROI of over 16.6%.
The complex is a well-established residential townhouse community built in 2017, with a simple layout that is easy to manage. There is only one pool and minimal garden area, resulting in low maintenance requirements and efficient daily operations. The business is suitable for experienced operators looking to expand their portfolio, as well as first-time buyers seeking a manageable entry into the industry.
The agreements run through to late 2047, with over 21.5 years remaining under the Accommodation Module, providing long-term security and operational stability. The income structure is well balanced, with solid body corporate remuneration reviewed by CPI, together with letting commissions and associated fees generating consistent and reliable cashflow.
Key features include
Business only no managers unit required
No onsite residency requirement
No set office hour requirement
Long agreement term to late 2047
Strong net income of $308,182
ROI approximately 16.7%
Well-structured townhouse complex
Easy to operate and maintain
Suitable for owner-operator or investor
This presents an excellent opportunity for buyers seeking a stable, high-income management rights business with long agreements, simple operation and strong returns. Whether you are entering the industry for the first time or looking to add another complex to your portfolio, this is a quality opportunity worth serious consideration.
For further information, please contact the exclusive agent.
More Information
- Total Purchase Price: $1,848,000
- Net Income: $ 308,182
(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