Hillcrest, Queensland
Multiplier 3.5 Brisbane South & 3 Bedroom House - ID 8881
$1,078,000
Business Description
Permanent Management Rights for Sale
Super Easy | No Facilities | No Gate
• Low multiplier of only 3.5 in the popular Brisbane Southside, close to Calamvale
• No pool, no BBQ, no gates, and no facilities to maintain
• No office hours required
• Very minimal garden work, only a few hours per week with excellent flexibility
• Stable Body Corporate salary of $63,353 plus GST, with annual CPI increases
• Net income of $98,147
• All rentals are permanent, with 14 in the letting pool and 3 managed by outside agents
• Long 25-year agreement with 22 years remaining
• An ideal opportunity to generate a second income in your spare time
• Freestanding double-storey residence featuring 3 bedrooms, 2.5 bathrooms, double garage, and a large backyard
• Three separate living areas and a huge private 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 all amenities
All of this is available for approximately $1,078,000, including the magnificent three-bedroom, double-storey freestanding manager’s residence.
Submit your offer now! All reasonable offers will be seriously considered by the seller. Urgent sale for personal reasons.
Net Profit: $98,147
Asking Price: $1,078,000
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: $1,078,000
Net Profit: $93,288 Remuneration / Body Corp Salary: $60,510
Key Investment Insights
1. Low multiplier of 3.5, indicating a relatively low price multiple for a Brisbane Southside management rights sale.
2. Asking price $1,078,000, sale includes the freestanding three‑bedroom double‑storey manager’s residence.
3. Advertised net income $98,147; snapshot also lists net profit $93,288, indicating slightly inconsistent profit figures in the listing.
4. Stable Body Corporate remuneration reported as $63,353 plus GST with annual CPI increases; snapshot lists remuneration/body corp salary as $60,510.
5. Very light operational burden, no pool, no BBQ, no gates, and no facilities to maintain, reducing ongoing maintenance costs and responsibilities.
6. No office hours required and minimal garden work of only a few hours per week, supporting a low‑time commitment ownership model.
7. Long management agreement, 25 years originally with 22 years remaining, providing security of income stream.
8. Rental profile comprises entirely permanent rentals, with 14 in the letting pool and 3 managed by outside agents, suggesting stable tenancy base but some outsourced management.
9. Manager’s residence features 3 bedrooms, 2.5 bathrooms, double garage, large backyard, three separate living areas and a huge private courtyard, offering strong owner‑occupier amenity.
10. Property includes a professional office on title with separate entrances, enabling an on‑site business presence or alternative use.
11. Location appeal: popular Brisbane Southside near Calamvale, very peaceful and convenient, close to public transport, major highways, shopping centres and amenities.
12. Seller indicates urgency for a personal‑reasons sale and will seriously consider reasonable offers, presenting potential negotiation opportunities.
