Coombabah, Queensland
Crazy 3.72x with 26.87% ROI Caretaking only with No Real Estate to purchase
$299k - Business Only Caretaking
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: $299k - Business Only Caretaking
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. Exceptional valuation at a 3.72x multiplier, implying a low purchase multiple relative to profit.
2. Strong return on investment of 26.87%, signalling high yield for buyers.
3. Asking price $299,000 for business-only caretaking, no real estate or property purchase required.
4. Net profit and Body Corporate salary of $80,355 per annum, providing predictable income.
5. Caretaking only role with no letting pool, no rentals to manage, and no real estate licence required.
6. Agreement covers a 48-unit townhouse complex, offering scale for caretaking duties.
7. Long initial agreement term of 25 years, with 16 years remaining, providing contract stability.
8. No manager’s residence included and no requirement to live onsite, enabling remote operation.
9. Flexible operational requirements, must be contactable during business hours but no set office hours mandated.
10. High owner-occupier ratio with 42 owner-occupy units and only 6 outside agent units, implying lower tenant turnover and simpler upkeep.
11. Low-overhead, hands-on business model suited to newcomers, semi-retirees, downsizers, or portfolio add-ons.
12. Rare business-only management rights opportunity, combining lifestyle flexibility with a stable, high-return income stream.
