Hillcrest, Queensland
Exclusive - No Facilities - $146K Salary in Brisbane South - ID 9190
$2,038,000
Business Description
Permanent Management Rights for Sale
Two Residences with More than $190K Income
- No office hours
- No swimming pool or BBQ area to maintain
- No gates to manage across the complexes
- Two manager’s residences – one of which does not require onsite living
- Flexible working hours to suit your lifestyle
- 25-year agreements with 22 and 23 years remaining
- Stable Body Corporate salaries totalling $146,648 + GST, with annual CPI increases
- Very simple caretaking duties
- High net profit of $176,298 plus over $20,000 in rental income — total approx. $196,298 per year
All rentals are permanent, with a small letting pool of only 16 out of 92 total units.
The majority of units are currently managed by outside agents, offering significant upside potential through rental roll growth and additional sales commissions.
Modern, freestanding, double-storey manager’s residence includes:
- 3 bedrooms, 2.5 bathrooms, double garage
- Three separate living areas and a spacious courtyard
- Professional office on title with separate external entrances
- Peaceful and convenient location near major highways and public transport
Bonus second residence:
A well-appointed 2-bedroom villa with office, not required to be lived in, generating $20,000+ in annual rental income.
Total Asking Price: $2,038,000 (Includes TWO Manager’s Residences)
This is a rare, ultra-simple management rights business with countless “NOs” and a spacious 3-bedroom home. Opportunities like this don’t last, contact us now.
Net Profit: $176,298
Asking Price: $1,553,000
(Inclusive of Manager's Real Estate)
For further information or to arrange an inspection of this Greater Brisbane Management Rights business for sale contact:
Exclusive Management Rights Broker
Bill He
Property Code: 984
Business Summary
Business Snapshot
Price: $2,038,000
Net Profit: $169,298 Remuneration / Body Corp Salary: $146,648
Complex Information
Complex Type: PermanentAgreement Module: AccommodationAgreement Term Remaining: 23 years
Key Investment Insights
1. 25-year agreements in place, with 22 to 23 years remaining, providing long-term contractual income security.
2. Stable Body Corporate salaries of $146,648 plus GST, with annual CPI increases, supplying predictable base remuneration.
3. High reported net profit, approximately $176,298 per year, plus over $20,000 in rental income, totalling roughly $196,298 annual owner benefit.
4. Two manager’s residences included, one modern freestanding double-storey 3-bedroom home with 2.5 bathrooms, double garage, three living areas, spacious courtyard and a professional office on title with separate external entrances.
5. Bonus second 2-bedroom villa with office generates $20,000+ pa in rental income and is not required to be occupied by the manager, providing immediate cashflow or optional owner-occupation.
6. Very low-operational-intensity caretaking role, no office hours, no swimming pool or BBQ area to maintain, and no gates to manage across the complexes, enabling flexible working hours.
7. Small letting pool, 16 rented units out of 92, meaning majority are permanent owners and presenting clear upside through converting units to the on-site letting roll and increasing sales commissions.
8. Significant growth opportunity because the majority of units are currently managed by outside agents, offering rental roll expansion and additional revenue streams.
9. Professional office is on title with separate external entrances, supporting an on-site sales and administration presence without disrupting residence privacy.
10. Convenient Brisbane South location, described as peaceful and near major highways and public transport, enhancing appeal to managers and renters.
11. Total asking price is presented as $2,038,000 including both manager’s residences, with an alternative price line showing $1,553,000 inclusive of Manager’s Real Estate, indicating pricing details may require clarification
