Kallangur, Queensland

Flexible Kallangur MLR – 3.67x Multiplier with Upside & No Onsite Living Required

Under Contract / Offer

Business Description

Flexible Kallangur MLR – 3.67x Multiplier with Upside & No Onsite Living Required
Secure this well-priced Kallangur management rights at a sharp 3.67x multiplier, delivering strong base income with clear letting pool growth potential. No requirement to live onsite provides rare operational flexibility or additional rental income opportunity.

Generating $133,718 net profit, supported primarily by a solid Body Corporate salary of $119,000 ex-GST, this business offers stable income with upside via letting pool growth. Recently topped up agreements provide 23 years remaining, offering long-term security at an attractive entry price.

Positioned within Brisbane’s high-growth northern corridor, the complex enjoys excellent access to Kallangur Station, local shopping, schools, and North Lakes retail and business precinct. Strong population growth, transport connectivity and lifestyle convenience continue to underpin rental demand and future letting opportunities.

The standalone manager’s villa sits on a generous 345m² allotment, offering three bedrooms, two bathrooms and double garage parking. With no requirement to reside onsite, incoming operators may occupy for lifestyle convenience or lease the residence separately to enhance overall investment returns.

• Attractive 3.67x multiplier entry point
• 23 years remaining on management agreements
• No obligation to live onsite, Office on title with no fixed hours
• Significant letting pool growth potential

Opportunities combining flexibility, income security and upside rarely last. Contact today to secure full details and arrange inspection before competing buyers move.

Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $133,718 Remuneration / Body Corp Salary: $119,670

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 61Total Units in Letting Pool: 9Owner Occupy Units: 32Outside Agent Units: 20Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent

Malcolm O'Farrell

0423 09....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Listed at a sharp 3.67x multiplier, indicating attractive entry pricing relative to earnings.
2. Net profit reported at $133,718, supported by a Body Corporate salary of $119,000 ex‑GST.
3. Management agreements recently topped up, with 23 years remaining, providing long-term contract security.
4. No requirement to live onsite, office on title with no fixed hours, offering operational flexibility or rental income from the manager’s unit.
5. Standalone manager’s villa on a 345m² allotment, three bedrooms, two bathrooms, double garage, valued at $800,000.
6. Significant letting pool growth potential, current letting pool only 9 of 61 units, implying upside from converting owner‑occupiers or outside agent units.
7. Complex totals 61 units, with 32 owner‑occupy and 20 outside agent units, highlighting clear scope for expanding managed stock.
8. Positioned in Brisbane’s high‑growth northern corridor, close to Kallangur Station, local shopping, schools, and North Lakes retail and business precinct.
9. Strong population growth and transport connectivity supporting rental demand and future letting opportunities.
10. Agreement originally 25 years, indicating established long-term structure and industry standard tenure.
11. Sale status shown as Under Contract / Offer, signalling active market interest and potential urgency for buyers.

Management Rights Multiplier: 3.68
ROI Estimate: 10.35%