Dinmore, Queensland
Great Nett Income at an even better Multiplier in Brisbanes Growth Corridor
$2.76M MR & $570K Unit = Total $3.33M
Business Description
Outstanding Management Rights Opportunity in Brisbane’s Western Suburbs
This large, well-established management rights complex offers significant income potential and a seamless operation, making it an exceptional investment. Conveniently located just 15 minutes from Ipswich central and close to Redbank Plaza, Costco, and a park-and-ride railway station, the property boasts unparalleled accessibility.
Key Features
Prime Location:
Bus stop at the front door and a railway station within a five-minute walk.
Proximity to major shopping hubs and Ipswich’s growing urban center.
Property Overview:
3-bedroom, 2-bathroom townhouses, each with a single lock-up garage and additional vehicle space.
Spacious manager’s unit with a double lock-up garage, extra parking, full air conditioning, and ceiling fans.
Financial Highlights:
Net Income: $503,339 per annum after expenses, before tax.
Total Purchase Price: $3,330,000 (including real estate valued at $570,000).
Rents increasing consistently with every lease renewal.
Healthy Body Corporate salary indexed to CPI.
Management and Flexibility:
24-year caretaking agreement with no on-site living requirement.
Owners have the flexibility to rent out the manager’s unit for additional income.
Strong letting pool of 11 units with opportunities to expand by acquiring externally managed units.
Operational Ease:
Grounds maintained with a ride-on mower and whipper snipper (equipment provided by the Body Corporate).
Dedicated single lock-up garage for equipment storage, with potential for added built-in storage space.
Additional Benefits:
Large sinking fund budget ensures well-maintained communal areas.
Why Invest Here?
This complex combines robust financials, minimal management effort, and a prime location in Brisbane’s expanding western suburbs. With rising rents, a secure caretaking agreement, and the potential to grow the letting pool, this opportunity is ideal for first-time buyers or experienced investors seeking strong returns.
Don’t miss out on this profitable and flexible investment. Contact us today to learn more!
Nathan Eades on ----------
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $2.76M MR & $570K Unit = Total $3.33M
Net Profit: $503,000 Remuneration / Body Corp Salary: $220,490
Managers Unit
Value of Managers Apartment: $570,000Bedrooms: 3Bathrooms: 2Car Spaces: 4Complex Information
Complex Type: PermanentTotal Units in Complex: 146Total Units in Letting Pool: 111Owner Occupy Units: 19Outside Agent Units: 16Agreement Term: 25 yearsAgreement Term Remaining: 24 years
Key Investment Insights
1. Prime location with convenient access to public transportation, major shopping hubs, and Ipswich's growing urban center.
2. Well-established and well-maintained complex with 3-bedroom, 2-bathroom townhouses and a spacious manager's unit.
3. Strong financials with a net income of $503,339 per annum after expenses, before tax.
4. Total purchase price of $3,330,000, including real estate valued at $570,000.
5. Rents increasing consistently with every lease renewal.
6. Healthy body corporate salary indexed to CPI.
7. 24-year caretaking agreement with no on-site living requirement.
8. Flexibility for owners to rent out the manager's unit for additional income.
9. Strong letting pool of 111 units with opportunities to expand by acquiring externally managed units.
10. Minimal management effort with grounds maintenance and equipment provided by the Body Corporate.
11. Large sinking fund budget ensures well-maintained communal areas.
12. Ideal for first-time buyers or experienced investors seeking strong returns.
13. Contact Nathan Eades for more information.
14. Specialists in Management Rights, Motels, Hotels, Pubs, and Parks.
Management Rights Multiplier: 5.49
ROI Estimate: 18.22%
