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Turnkey Systems Simply Permanent Manager Rights
Call 0404 331 310 For indictive price
Permanent management rights, Redbank Plains QLD
SIRE presents an enticing opportunity to acquire the management rights of a simply maintained permanent townhouse complex located Redbank plains areas. This business opportunity is ideal for both first-time buyers seeking a simple and stable income stream and experienced operators looking to expand their portfolio.
The business operates under a 25-year caretaking and letting agreement, with more than 21+ years remaining, ensuring longevity and stability. The agreement has been supported excellent relationship between the current manager and the body corporate committees and owners.
The complex is a non-gated community features no facilities and minimum ground, enhancing its simplify to operate. There is no community gate to maintain.
Flexibility is a key highlight, with no set office hours, allowing the incoming operator to enjoy freedom in managing the business. The manager house is rent out for $$32,000 a week or you can live in the new and spacious standalone managers house if preferred.
Presenting a unique opportunity for a new operator to step in and continue the successful operation of this business. With a strong net profit and a solid body corporate salary, this opportunity presents a solid business proposition for any prospective buyer.
- No set office hours, offering freedom and flexibility in business operation
- Long agreement terms - 21+ years remaining
- Minimum caretaking duties
- Large 4 bedroom manager's house - ideal for a family
- Manager house is rented out for extra income
- Ideal for first-time buyers seeking stable income or experienced operators expanding portfolios
- Inspections by appointment only
More Information
- Total Purchase Price: Call 0404 331 310 For indictive price
- Net Income: $ 185,077
(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