Hillcrest, Queensland
Permanent Management Rights – No Office Hours & No Requirement to live onsite! | Resort Brokers ID : MR008897
$1,400,000
Business Description
For those seeking a manageable business offering operational flexibility, with no requirement to reside onsite, no set office hours, remote monitoring capability, and the option to rent out the manager’s unit at $600 per week - extra income of $31,200 per annum.
A long-term experienced contractor is used for gardening, pool maintenance, and cleaning of common areas, minimising daily operations for new management.
This secured residential complex offers exceptional convenience with close proximity to major arterial roads, providing seamless connectivity to both Brisbane and the Gold Coast.
This well-maintained property offers an exceptional opportunity to acquire a well-established management rights business in a thriving, family-friendly community - ideal for seasoned operators expanding their portfolio or first-time buyers entering the industry.
Parkview Hillcrest offers an exceptional opportunity to acquire a well-established management rights business in a thriving, family-friendly community - ideal for seasoned operators expanding their portfolio or first-time buyers entering the industry.
- No requirement to reside onsite and no set office hours, offering ooperational freedom
- Long 21-year tenure on agreements, recently topped up for security of income
- Generous body corporate salary - $107K (over 65% of total income)
- Spacious four-bedroom, two-bathroom manager's unit delivers $600 per week ($31,200 per annum) in additional income
- Office included on title with body corporate covering electricity costs
- Located in a high-demand suburb with strong rental growth
- Experienced contractor manages gardening, pool and common area maintenance
- Inspections are by appointment only
Date updated: 23 Sep 2025 23:00:02
Business Summary
Business Snapshot
Price: $1,400,000
Net Profit: $163,175 Remuneration / Body Corp Salary: $107,112
Managers Unit
Value of Managers Apartment: $650,000Bedrooms: 4Bathrooms: 2Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 27Owner Occupy Units: 30Outside Agent Units: 2Agreement Term Remaining: 21 years