Ormeau, Queensland

4 Bed Manager's House Permanent Management Rights - ID 9176

$1,150,000

Business Description

Permanent Management Rights for Sale
Independant Double Storey House & 3.63 Muliplier

- Light caretaking duties – simple and easy

- Low multiplier of just 3.63

- No office hours – work at your own pace

- No requirement to live onsite, with potential for additional rental income

- All permanent rentals with a small letting pool of 10, plus 2 under outside agents and 2 external rentals

- Net profit of $102,048, with a large portion from the Body Corporate Salary of $71,056 plus GST

- Long 25-year agreement with 23 years remaining

- Beautiful freestanding double-storey residence featuring 4 bedrooms, 2 bathrooms plus an additional toilet, and 2-car accommodation

- Spacious courtyard with a large, exclusive manager’s office on title

- Peaceful and convenient location, close to all amenities with easy highway access

- All this for just $1,150,000 (including the manager’s large 4-bedroom independent house)

Want to earn over $100,000 in your spare time?

This is a super simple opportunity you can’t afford to miss.

Net Profit: $102,048
Asking Price: $1,150,000
(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: 1028

Business Summary

Business Snapshot

Price: $1,150,000 Net Profit: $102,048 Business Value: $440,000

Managers Unit

Value of Managers Apartment: $710,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Free-standing double-story 4-bedroom house with 4 bedrooms, 2 bathrooms plus an extra toilet, and 2 car accommodations, a spacious courtyard and a large, exclusive managers office attached on title.

Complex Information

Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 12Owner Occupy Units: 29Outside Agent Units: 2Manager Units: 1Pool: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Low asking multiplier of 3.63, signalling a competitively priced management rights opportunity.
2. Net profit of $102,048, with $71,056 plus GST derived from the Body Corporate salary, comprising the majority of income.
3. Asking price $1,150,000 inclusive of the manager’s real estate, with the manager’s house valued at $710,000.
4. Long-term security from a 25-year agreement with 23 years remaining.
5. Manager’s property is a freestanding double-storey 4-bedroom house, 2 bathrooms plus extra toilet, 2-car accommodation, spacious courtyard and an exclusive on-title manager’s office.
6. No requirement to live onsite, providing flexibility and potential for additional rental income from the manager’s residence.
7. Light caretaking duties and no office hours, enabling part-time involvement and the claim of earning over $100,000 in spare time.
8. Small letting pool of 12 units within a 42-unit permanent complex, with 29 owner-occupied units and 2 units managed by outside agents, suggesting low vacancy and stable owner mix.
9. Complex amenities include a pool and BBQ area, enhancing resident appeal and letting potential.
10. Peaceful, convenient location with easy highway access and proximity to amenities, supporting both letting demand and lifestyle for the manager.

Management Rights Multiplier: 4.31
ROI Estimate: 8.87%