Hillcrest, Queensland
Exclusive - Low Multiplier 3.96 in Brisbane Southside - ID 8881
$1,128,000
Business Description
Permanent Management Rights for Sale
No Pool, No BBQ, No Gate; Extremely Simple Business
-No pool, no BBQ, no gate
-No office hours
-Super simple duties with an extremely easy garden
-Modern, spacious freestanding 3-bedroom HOUSE
-Large percentage of Body Corporate salary: $60,510 plus GST, with CPI increases each year
-25-year long agreement with 23 years remaining
-One day of work can complete the entire week’s duties
-Net operating profit approximately $93,288
-All permanent rentals with a small letting pool of 14
-Modern, very new, spacious freestanding house with 3 bedrooms, 2.5 bathrooms, and double garage.
Three living areas and a huge courtyard. Professional office on title with separate entrances.
Very peaceful and convenient location, close to public transport, with easy access to major highways, shopping centres, and almost all facilities.
The total price is only $1,128,000 (including the magnificent 3-bedroom manager’s independent house).
The best second income in your spare time, paired with superb living in Brisbane South.
Net Profit: $93,288
Asking Price: $1,128,000
For further information or to arrange an inspection of this Brisbane Management Rights business opportunity for sale contact:
Management Rights Broker
Bill He
Property Code: 988
Business Summary
Business Snapshot
Price: $1,128,000
Net Profit: $93,288 Remuneration / Body Corp Salary: $60,510
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 2Complex Information
Complex Type: n/a
Key Investment Insights
1. Low multiplier 3.96 reported, indicating an attractive price-to-earnings valuation relative to comparable management rights sales.
2. Asking price $1,128,000, with net operating profit approximately $93,288, providing clear pricing and cashflow metrics.
3. Long secure contract, 25-year agreement with 23 years remaining, offering long-term income stability.
4. Significant recurring remuneration, body corporate salary $60,510 plus GST, with CPI increases each year, supporting predictable annual income.
5. Extremely low operational complexity, no pool, no BBQ, no gate, very simple duties and an extremely easy garden.
6. Minimal time commitment, one day of work can complete the entire week’s duties, and no office hours required.
7. All permanent rentals with a small letting pool of 14, reducing vacancy and tenant turnover risk.
8. Managers residence included in the price, modern spacious freestanding 3-bedroom house with 2.5 bathrooms and double garage, enhancing lifestyle value and asset backing.
9. Additional property features include three living areas, a huge courtyard, and a professional office on title with separate entrances, offering flexibility and potential ancillary use.
10. Very peaceful and convenient Brisbane Southside location, close to public transport, with easy access to major highways, shopping centres and almost all facilities, aiding tenant satisfaction and resale appeal.
11. Combination of strong net profit and low workload makes this suitable as a second income or semi-passive investment.
12. Clear broker contact and property code provided, facilitating straightforward enquiry and inspection arrangements.
