Milton, Queensland
Net $280,252 in Milton - ID 9198
$2,420,000
Business Description
Permanent Management Rights for Sale
$161,510 + GST Salary with Simple Duties
- Low workload and minimal working hours
- High Body Corporate salaries totalling $161,510 + GST
- 25-year long-term agreement with 21 years remaining
- Strong net operating profit of $280,252
- Permanent letting pool of 29 units, plus 22 with outside agents – excellent income growth potential
- Superb city-fringe location close to cafés, restaurants, shops, medical centres, pharmacies, hospitals, the river, public
- transport, premium schools, and major roads
- Extremely convenient for everyday living with a peaceful environment
- Ideal combination of lifestyle and income – city living with a flexible, high-return business
- Modern manager’s apartment with 2 bedrooms, 1 bathroom, air-conditioning, ceiling fans, and 1 secure car park
- 160m² total area with large courtyard, pet-friendly, and professional on-title office
- Total asking price: $2,420,000 (includes quality manager’s unit)
Opportunities like this don’t come around every day.
Net Profit: $280,252
Asking Price: $2,420,000
(Inclusive of Managers Real Estate)
For further information or to arrange an inspection of this business opportunity contact:
Management Rights Broker
Bill He
Property Code: 1014
Business Summary
Managers Unit
Value of Managers Apartment: $820,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: YesModern apartment featuring 2 bedrooms, 1 bathroom, 1 secure car park, air-conditioning, and ceiling fans.
Complex Information
Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesGym: YesBBQ Area: Yes
Key Investment Insights
- The complex has a low workload and minimal working hours, making it an ideal opportunity for those seeking a flexible, high-return business.
- The Body Corporate salaries total $161,510 + GST, providing a strong net operating profit of $280,252.
- The complex has a 25-year long-term agreement with 21 years remaining, providing stability and security for the new owner.
- The permanent letting pool consists of 29 units, with an additional 22 units managed by outside agents, offering excellent potential for income growth.
- The complex is located in a superb city-fringe location, close to a range of amenities including cafés, restaurants, shops, medical centres, pharmacies, hospitals, public transport, premium schools, and major roads.
- The complex offers a peaceful environment for everyday living, with the convenience of city living.
- The manager's apartment is modern and spacious, with 2 bedrooms, 1 bathroom, air-conditioning, ceiling fans, and 1 secure car park.
- The total area of the manager's apartment is 160m², including a large courtyard and a professional on-title office.
- The total asking price for this opportunity is $2,420,000, which includes the quality manager's unit.
- This is a rare opportunity to acquire a well-established, profitable management rights business in a highly sought-after location.
