Highland Park, Queensland

Permanent Letting in Highland Park - ID 9189

$1,150,000

Business Description

Permament Management Rights For Sale
No Requirement to Live Onsite

Looking for a secure and profitable management rights business? Look no further! This is a fantastic opportunity to own a well-established permanent management rights business in a tranquil bush setting, with the added benefit of no requirement to live onsite.

Key Features:

- Long agreements under the Accommodation Module

- 52 lot townhouse complex with 15 in the letting pool

- No set office hours – enjoy flexibility

- Spacious 3 bedroom manager's residence, with an additional 4th bedroom from a garage conversion

- Double lock-up garage with an extra car space

- Quiet, peaceful setting close to schools and public transport

- Easy access to the M1 Motorway

This is a fantastic opportunity for newcomers to the management rights industry or experienced operators looking for a secure, low-maintenance business. Located in a serene environment with everything you need close by, it offers the perfect balance of work and lifestyle. Don’t miss out on this incredible opportunity!

Net Profit: $129,279
Asking Price; $1,150,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Brokers
Phil Trimble & Gerard Dixon

Property Code: 993

Business Summary

Business Snapshot

Price: $1,150,000 Net Profit: $129,279 Remuneration / Body Corp Salary: $104,265

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On Title

This spacious home offers flexible living options and is perfect for those seeking both comfort and functionality. The property features 1 bathroom with 2 separate toilets, ensuring convenience for family living. A standout feature is the converted garage space, which now serves as a fourth bedroom, offering extra living space. Additionally, the manager’s office downstairs could easily be transformed into a potential 5th bedroom, complete with room for a single bed. The residence is air conditioned (2 units) with ceiling fans in each of the bedrooms. There are also solar panels fitted to the residence.The home boasts a functional galley kitchen, equipped with a dishwasher, oven, hob, and rangehood. Upstairs, you’ll find a well-appointed 2 way bathroom with access from both the hallway and the master bedroom, featuring a bath/shower combination and a European laundry. The toilet is separate for added convenience. The open-plan living and dining area flows seamlessly to a front, east-facing balcony, providing natural light and a perfect spot to enjoy the morning sun. At the back, a private outdoor entertainment area offers a peaceful retreat, complete with foundations for a veggie garden.

Complex Information

Complex Type: PermanentTotal Units in Complex: 52Total Units in Letting Pool: 15Owner Occupy Units: 34Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes

Marketing Agent

Phil Trimble

Gerard Dixon

MR Sales

Key Investment Insights

1. Well-established permanent management rights business in a tranquil bush setting.
2. No requirement to live onsite.
3. Long agreements under the Accommodation Module.
4. 52 lot townhouse complex with 15 in the letting pool.
5. No set office hours – enjoy flexibility.
6. Spacious 3 bedroom manager's residence, with an additional 4th bedroom from a garage conversion.
7. Double lock-up garage with an extra car space.
8. Quiet, peaceful setting close to schools and public transport.
9. Easy access to the M1 Motorway.
10. Perfect balance of work and lifestyle.
11. Net Profit of $129,279.
12. Asking Price of $1,150,000 (inclusive of Manager's Real Estate).
13. Managers Apartment valued at $700,000.
14. 3 bedrooms, 2 bathrooms, and 3 car spaces.
15. Office on title.
16. Solar panels fitted to the residence.
17. Functional galley kitchen with modern appliances.
18. Open-plan living and dining area with front balcony and private outdoor entertainment area.
19. Complex type: Permanent.
20. Total units in complex: 52.
21. Total units in letting pool: 15.
22. Owner occupy units: 34.
23. Outside agent units: 2.
24. Manager units: 1.
25. Agreement Module: Accommodation.
26. Agreement term: 25 years.
27. Agreement term remaining: 20 years.
28. Pool and BBQ area in complex.

Management Rights Multiplier: 3.48
ROI Estimate: 28.73%