Mountain Creek, Queensland
Mountain Creek - Permanent - Sold & Settled - ID 9066
SOLD
Business Description
Caretaking and Letting Across 4 Near New Complexes
- 4 permanent management rights complexes - within 400 metres of each other
- 115 lots with 36 in the letting pool (+ 1 external let)
- Near new buildings - completed 2018/2019
- 100% occupancy rate - family sought after suburb
- No real estate to purchase
- No requirement to live onsite and no office hours
- High body corporate salary
- Long term agreements - 21 years remaining
- Easily managed by two person team part time
These management rights complexes are located in a high demand rental area for families - walking distance to schools, shops and restaurants. The townhouses are near new and offer 2, 3 or 4 bedroom configurations. Approximately 16 hours required weekly across all 4 complexes.
Be sure to move quickly on this opportunity - extremely rare offering. Call now!
Net Profit: $228,732 (*Projected)
Asking Price: $1,258,000
Exclusive Management Rights Broker
Mark McKay
Property Code: 645
Business Summary
Key Investment Insights
- The business for sale includes management rights for 4 complexes within close proximity to each other.
- The complexes were completed in 2018/2019 and are in near new condition.
- The complexes have a total of 115 lots, with 36 in the letting pool and one external let.
- The occupancy rate is at 100%, indicating high demand for rental properties in the area.
- There is no real estate to purchase as part of the sale.
- The business does not require the onsite manager to live onsite or have set office hours.
- The body corporate salary is high.
- The agreements for the management rights have 21 years remaining.
- The business can be easily managed by a two-person team on a part-time basis.
- The townhouses in the complexes are in a sought-after suburb for families, with close proximity to schools, shops, and restaurants.
- The business has a projected net profit of $228,732.
- The asking price for the business is $1,258,000.
- The sale is being handled by an exclusive management rights broker, Mark McKay.
- The managers unit is included in the sale.
- Additional information about the complex is available upon request.
