Hillcrest, Queensland

Sold & Settled - ID 8881

SOLD

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

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: SOLD Net Profit: $93,288 Remuneration / Body Corp Salary: $60,510Business Value: $398,000

Managers Unit

Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: n/a

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Permanent management rights operation with a stated low multiplier of 3.5 in Brisbane’s popular Southside.
2. Stable body corporate remuneration is stated at $63,353 plus GST, with annual CPI increases.
3. No pool, BBQ, gates or facilities require maintenance, supporting a simple operating model.
4. No office hours are required, with only minimal garden work of a few hours weekly.
5. The letting pool comprises 14 permanent rentals, with three additional properties managed by outside agents.
6. A 25 year agreement has 22 years remaining, providing substantial tenure.
7. Freestanding residence includes three bedrooms, two and a half bathrooms, double garage, three living areas and a large backyard.
8. Professional office on title has separate entrances, while the location offers public transport and convenient access to highways, shopping and amenities.