Algester, Queensland

Exclusive - Price Reduction Close To Sunnybank - ID 9159

$4,920,068

Business Description

Permanent Management Rights For Sale
Exceptional Investment Opportunity

Discover an exceptional management rights investment offering high returns and long-term growth potential. Located close to the vibrant suburb of Sunnybank, this opportunity includes two well-maintained complexes with a proven track record of strong rental demand and efficient operations. These management rights come with secure agreements and a great relationship with the body corporate committees, ensuring smooth and effective management.

- Combined Net Profit: $721,465

- Total Asking Price: $4,920,068

- Large Letting Pool (164 townhouses): Complex 1: 148 townhouses and Complex 2: 18 townhouses

- Operational Efficiency: Established systems delivering quality service with minimal hassle

- Long-Term Stability: Secure agreements with 23 and 25 years remaining

- Strong Relationships: Excellent rapport with body corporate committees, fostering a collaborative environment

- Low Maintenance: Well-presented common areas designed for minimal upkeep, ensuring ease of management

- Facilities Included: Pool, gym, and CCTV security system, enhancing tenant satisfaction

- Manager’s Unit: Large, modern 4-bedroom stand-alone townhouse with spacious office, double garage, front and back yards, and covered patio area

- No Set Office Hours: Offering flexibility for a hands-on or supervisory management approach

This is a rare chance to secure a high-yield asset in a sought-after location, with stable and long-term growth prospects. Ideal for investors seeking a quality addition to their portfolio in one of Queensland's most promising markets.

Net Profit: $721,465
Asking Price: $4,920,068
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Management Rights business opportunity contact:

Exclusive Management Rights Broker
Mark Neale

Property Code: 891

Business Summary

Business Snapshot

Price: $4,920,068 Net Profit: $721,465 Remuneration / Body Corp Salary: $256,993

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

The real estate component of the investment, priced at $750,000. This large, modern 4-bedroom stand-alone townhouse is designed for comfort and convenience. It features 2 spacious on-site offices, making management tasks seamless. The unit is equipped with multiple living spaces, providing ample room for relaxation and hosting. A double lock-up garage offers secure parking and storage. The property is air-conditioned for year-round comfort and boasts both front and back yards, including a covered patio area perfect for outdoor dining and entertainment.

Complex Information

Complex Type: PermanentTotal Units in Complex: 179Total Units in Letting Pool: 166Owner Occupy Units: 3Outside Agent Units: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesGym: Yes

Marketing Agent

Mark Neale

MR Sales

Key Investment Insights

Key Insights:

1. High Yield Asset: The management rights offer high returns and long-term growth potential, making it an exceptional investment opportunity.

2. Proven Track Record: The two well-maintained complexes have a proven track record of strong rental demand and efficient operations.

3. Secure Agreements: The management rights come with secure agreements and a good relationship with the body corporate committees, ensuring smooth and effective management.

4. Large Letting Pool: The combined letting pool consists of 164 townhouses, providing a steady source of income.

5. Operational Efficiency: The management rights have established systems in place that deliver quality service with minimal hassle.

6. Long-Term Stability: With secure agreements of 23 and 25 years remaining, this investment offers long-term stability.

7. Strong Relationships: The management rights have an excellent rapport with the body corporate committees, fostering a collaborative environment.

8. Low Maintenance: The well-presented common areas are designed for minimal upkeep, ensuring ease of management.

9. Facilities Included: The complexes offer desirable facilities such as a pool, gym, and CCTV security system, enhancing tenant satisfaction.

10. Manager's Unit: The manager's unit is a large, modern 4-bedroom stand-alone townhouse with spacious office, double garage, front and back yards, and covered patio area.

11. No Set Office Hours: The management rights offer flexibility for a hands-on or supervisory management approach.

12. Sought-After Location: The investment is located close to the vibrant suburb of Sunnybank, which is one of Queensland's most promising markets.

13. Net Profit: The combined net profit for the management rights is $721,465.

14. Asking Price: The total asking price for the management rights is $4,920,068, which includes the manager's real estate.

15. Manager's Apartment: The manager's apartment is valued at $750,000 and features 4 bedrooms, 2 bathrooms, 2 car spaces

Management Rights Multiplier: 5.78
ROI Estimate: 17.30%