Eagleby, Queensland

Four Permanent Complexes - South Brisbane - ID 9168

$3,569,000

Business Description

Multiplier Reduced to 5.4
Permanent Management Rights For Sale
Easy to Manage - Well Run From Manager's Townhouse

- All complexes offer long agreements with over 20 years remaining on each

- 4 townhouse complexes with a total of 205 townhouses

- 129 townhouses in the letting pool + 1 external let

- Combined Body Corporate salary of over $244,000 + GST

- All complexes are within close proximity to each other

- Only one Manager's residence to purchase

- The residence offers 4 bedrooms and 2.5 bathrooms

- The Manager's office is attached and on title

- No set office hours

- REI Master software

Four management rights complexes in close proximity, spread over the South Brisbane suburbs of Eagleby, Marsden and Doonandella. There are two swimming pools and one gym with minimal facilities to maintain across all four complexes.

Net Profit: $535,000
Asking Price: $3,569,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of these Brisbane Management Rights opportunities contact:

Management Rights Broker
Phil Trimble

Property Code: 909

Business Summary

Business Snapshot

Price: $3,569,000 Net Profit: $535,000 Remuneration / Body Corp Salary: $244,942

Managers Unit

Value of Managers Apartment: $680,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On Title

4 bedrooms, 2.5 bathrooms, 2-3 car parking spaces, office attached and on title

Complex Information

Complex Type: PermanentTotal Units in Complex: 205Total Units in Letting Pool: 129Owner Occupy Units: 55Outside Agent Units: 20Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesGym: Yes

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

Key Insights:
1. Long agreements with over 20 years remaining on each complex provide stability and potential for long-term income.
2. A total of 205 townhouses across 4 complexes, with 129 in the letting pool, offer a large and diverse portfolio for potential growth.
3. The combined Body Corporate salary of over $244,000 + GST provides a significant source of income for the manager.
4. The complexes are all within close proximity to each other, making management and maintenance more efficient.
5. Only one Manager's residence needs to be purchased, offering potential for cost savings.
6. The Manager's residence is spacious with 4 bedrooms and 2.5 bathrooms, providing comfortable living quarters for the manager.
7. No set office hours allow for flexibility in managing the complexes.
8. The use of REI Master software can streamline management processes and improve efficiency.
9. The complexes offer minimal facilities to maintain, with only two swimming pools and one gym.
10. The asking price of $3,569,000 includes the Manager's real estate, providing potential for additional income or investment opportunities.

Management Rights Multiplier: 5.40
ROI Estimate: 18.52%