Brassall, Queensland
2.94 Low Multiplier with Over 90% Secure Income from Salary - ID 9233
$1,030,000
Business Description
Permanent Management Rights For Sale
Quality 3 Bedroom Townhouse Included
- This business offers an exceptionally secure income stream, with a Body Corporate remuneration of $107,458 plus GST, increased annually by CPI. The Body Corporate salary represents more than 90% of the total income, providing outstanding security and certainty of revenue.
- An ideal semi-retirement lifestyle business featuring extremely simple and low-maintenance caretaking duties with minimal gardening, allowing ample time to pursue other employment or generate additional income.
- Net Profit: $105,324
- Exceptional value with a low multiplier of only 2.94.
- Offered for urgent sale due to family reasons.
- Current letting pool of only 3 units, together with 17 units managed by outside agents, presenting significant future income growth opportunities through expanding the letting pool and generating additional sales commissions.
- Secure 25-year Accommodation Module agreement with approximately 22 years remaining.
Quality, solid, newly renovated three-bedroom manager's townhouse featuring:
- 3 spacious bedrooms
- 2 bathrooms
- Single lock-up garage
- Air conditioning
- Private courtyard
- Large professional office on title with separate entrance
- Convenient location within a peaceful residential environment
The perfect combination of an outstanding lifestyle, exceptionally secure income, and an easy-to-manage business.
Total Asking Price: $1,030,000 (including the quality three-bedroom manager's townhouse).
If you've been searching for a quality management rights business with outstanding income security and exceptional value, your search ends here.
Net Profit: $105,324
Asking Price: $1,030,000
(Inclusive of Manager's Real Estate)
For further information or to arrange an inspection of this Ipswich Management Rights business for sale contact:
Management Rights Broker
Bill He
Property Code: 1177
Business Summary
Key Investment Insights
AI generated. Confirm details with the seller.
1. Body corporate remuneration of $107,458 plus GST is CPI linked and represents over 90% of total income.
2. Net profit of $105,324 and an asking price of $1,030,000 produce a low 2.94 multiplier.
3. Simple, low maintenance caretaking duties and minimal gardening support a flexible semi retirement lifestyle.
4. The secure 25 year Accommodation Module agreement has approximately 22 years remaining.
5. The current letting pool includes three units, with 17 additional units managed by outside agents.
6. Existing external management presents potential to expand the letting pool and generate additional sales commissions.
7. The renovated three bedroom manager’s townhouse includes two bathrooms, air conditioning, courtyard and single lock up garage.
8. A professional office on title with separate entrance supports dedicated business operations from the peaceful residential location.
