Eastern Heights, Queensland
Easy-Care Permanent Management Rights in Ipswich - ID 9202
$655,408
Business Description
Permanent Management Rights for Sale
Super Easy Duties & No Set Hours
- Stable Income: Body Corporate salary makes up over 80% of net profit, ensuring consistent cash flow.
- Low Maintenance: No swimming pool and minimal gardens reduce upkeep.
- No Set Office Hours: Flexible management with no fixed schedule.
- Spacious Residence: 3 bedrooms, 2 bathrooms, double garage, and office on title.
- Growth Potential: 12 units with outside agents offer significant letting pool expansion.
- Minimal Overheads: No costly amenities like pools or major landscaping.
- Stable Body Corporate Salary: $50,344 + GST annually, with CPI increases.
- Net Profit: $52,704 per annum.
- Secure Agreements: 25-year term with over 13 years remaining.
- Great Value: Low multiplier of 2, asking only $655,408 including the spacious manager’s unit.
Secure a large property and get the business nearly free.
Net Profit: $52,704
Asking Price: $655,408
(Including spacious 3-bedroom manager’s townhouse )
For further information or to arrange an inspection of this Management Rights business for sale contact:
Management Rights Broker
Bill He
Property Code: 1025
Business Summary
Business Snapshot
Price: $655,408
Net Profit: $52,704 Remuneration / Body Corp Salary: $50,344
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 1Complex Information
Complex Type: n/aGym: Yes
Key Investment Insights
1. Over 80% of net profit derived from a stable body corporate salary, providing predictable cash flow.
2. Body corporate remuneration of $50,344 plus GST per annum, indexed with CPI increases.
3. Net profit $52,704 per annum, indicating reliance on salary rather than variable revenue.
4. Long secure agreement, 25-year term with over 13 years remaining, offers tenure stability.
5. Low maintenance profile, no swimming pool and minimal gardens reduce ongoing costs and management time.
6. No set office hours and very light duties, enabling flexible ownership or absentee management.
7. Growth potential from a 12-unit portfolio with outside agents, offering an expandable letting pool.
8. Manager’s residence included, spacious 3-bedroom, 2-bath townhouse on title, enhancing accommodation value.
9. Asking price $655,408 represents a low multiplier of approximately 2, signalling strong value relative to earnings.
10. Complex amenities include a gym, adding resident appeal while still maintaining minimal costly infrastructure.
