Kallangur, Queensland

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

$492K MR + $800K Unit = $1.292M

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: $492K MR + $800K Unit = $1.292M 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. Attractive entry price at a 3.67x multiplier for the management rights component, offering a sharp valuation point.
2. Total asking price structured as $492,000 for management rights plus $800,000 for the manager’s unit, totalling $1.292 million.
3. Solid reported net profit of $133,718, underpinned by a substantial Body Corporate salary of $119,670.
4. Long agreement security, with a 25 year agreement term and 23 years remaining, providing stable long‑term income.
5. No requirement to live onsite, Office on title with no fixed hours, enabling operational flexibility or additional rental income from the manager’s villa.
6. Manager’s standalone villa valued at $800,000 on a 345 m2 allotment, featuring three bedrooms, two bathrooms and a double garage.
7. Letting pool currently small at nine units out of 61, indicating clear upside potential to grow letting income.
8. Complex composition supports revenue stability, with 32 owner occupy units and 20 outside agent units alongside the current letting pool.
9. Prime location in Brisbane’s northern growth corridor, close to Kallangur Station, local shopping, schools and the North Lakes retail and business precinct, supporting rental demand.
10. Short path to value uplift through letting pool expansion and leasing options for the manager’s residence, combined with long agreement tenure and strong transport and lifestyle connectivity.

Management Rights Multiplier: 3.68
ROI Estimate: 27.18%