Coombabah, Queensland
Crazy 3.72x with 26.87% ROI Caretaking only with No Real Estate to purchase
Under Contract / Offer
Business Description
This business-only Management Rights opportunity offers exceptional value for buyers seeking a flexible, low-overhead caretaking role without the requirement to purchase a manager’s unit. With a remarkably low multiplier of 3.72x and a strong return on investment of 26.87%, this is an ideal entry-level or add-on acquisition for those looking to secure a stable income stream.
The agreement covers 48 townhouses and delivers a healthy Body Corporate salary of $80,355 per annum. The role is caretaking-only – meaning there is no letting pool component, no rentals to manage, and no real estate licence required. Duties are straightforward and primarily involve the upkeep of common areas to ensure the complex is well-presented and maintained to Body Corporate expectations.
Another attractive feature is the flexibility of operation: there is no requirement to live onsite and no manager’s residence included in the sale. You can run the business from home, and while you must remain contactable during regular business hours, there is no obligation to maintain set office hours.
This rare business-only model suits a hands-on operator who values lifestyle, flexibility, and predictable income without the commitments associated with traditional Management Rights. With strong financials, an appealing workload, and no property purchase needed, this is a standout opportunity for newcomers, semi-retirees, downsizers, or existing operators looking to expand their portfolio with a low-maintenance, high-return business.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $80,355 Remuneration / Body Corp Salary: $80,355
Complex Information
Complex Type: PermanentTotal Units in Complex: 48Owner Occupy Units: 42Outside Agent Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 16 years
Key Investment Insights
1. Extremely low multiplier of 3.72x, signalling strong purchase value.
2. High return on investment of 26.87%, indicating attractive cash yield.
3. Caretaking-only role, no letting pool and no rentals to manage.
4. No real estate licence required, reducing regulatory barriers and costs.
5. Body Corporate salary / net profit of $80,355 per annum, providing predictable income.
6. Agreement covers 48 permanent townhouses, ensuring a meaningful scale of responsibility.
7. Agreement length 25 years with 16 years remaining, offering long-term income visibility.
8. No manager’s residence included, permitting operation from home and no property purchase.
9. No requirement to live onsite, offering lifestyle flexibility for operators.
10. High proportion of owner-occupiers, 42 of 48 units, with only 6 outside agent units, implying lower tenant turnover and simpler caretaking.
11. Suits entry-level buyers, semi-retirees, downsizers or existing operators seeking a low-maintenance add-on.
12. Rare business-only model, combining low overheads with predictable, hands-on duties focused on common-area upkeep.
