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

1. Listed at a sharp 3.67x multiplier, indicating an attractive entry valuation.
2. Net profit of $133,718, supported by a substantial Body Corporate salary of $119,670.
3. Management agreements recently topped up, with 23 years remaining, providing long-term income security.
4. No requirement to live onsite, office on title with no fixed hours, offering operational flexibility or rental income from the manager’s residence.
5. Manager’s standalone villa valued at $800,000, on a 345m² allotment, with three bedrooms, two bathrooms and two car spaces.
6. Complex comprises 61 units, currently only nine in the letting pool, signalling clear growth upside for management income.
7. Owner occupy 32 units and 20 units with outside agents, indicating potential to grow the letting pool from multiple sources.
8. Positioned in Brisbane’s high-growth northern corridor, with strong population growth trends underpinning rental demand.
9. Excellent local amenity and connectivity, close to Kallangur Station, local shopping, schools and the North Lakes retail and business precinct.
10. Listing status under contract or offer, suggesting buyer interest and time sensitivity for inspections.

Management Rights Multiplier: 3.68
ROI Estimate: 10.35%