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: Yes
Modern 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.
Listing location
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