Ipswich REGION
Present All Offers - High Netting Permanent Management Rights - ID 9143
$4,400,000
Business Description
Permanent Management Rights For Sale
Unlock a prestigious investment with this newly developed premier management rights opportunity nestled in the rapidly growing city of Ipswich. This property offers discerning investors or owner operators a compelling package of lucrative features and strategic advantages.
Key Features:
Impressive Financial Performance:
- Annual Net Profit: $558,778
- Substantial Body Corporate Salary: Around $250,000
- Manage a high-quality permanent letting pool of 160 out of 182 units, ensuring consistent rental income and high occupancy rate
Operational Flexibility:
- No requirement to live on-site
- No mandated office hours
- Office can be locked off and accessed externally, allowing the residence to be rented out for additional income
Luxurious Living:
- Architecturally designed four-bedroom, standalone managers residence offering a total living area of 169 square meters.
- Attached office space
- Live onsite in luxury or rent out the residence for $650-$700 per week (Approx $35,000 additional annual income)
This management rights opportunity in Ipswich presents an exceptional chance to acquire a highly profitable business in a thriving location. With impressive financial returns, a prime location, and modern amenities, this property is perfect for investors/owner operators seeking strong, reliable returns and operational ease.
Don't miss out on this premier investment opportunity! Contact us today to learn more and secure your future with this prestigious property.
Net Profit: Appx. $558,778
Asking Price: $4,400,000 - Present All Offers
(Inclusive of manager's real estate)
If this unique opportunity interests you and you would like to know more please enquire, more information is available and an inspection can be arranged by appointment only.
Management Rights Broker
Ben Lynn
Business Summary
Business Snapshot
Price: $4,400,000
Net Profit: $558,778 Remuneration / Body Corp Salary: $247,908
Managers Unit
Value of Managers Apartment: $700,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: YesComplex Information
Complex Type: PermanentTotal Units in Complex: 182Total Units in Letting Pool: 160Owner Occupy Units: 15Outside Agent Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: Yes
Key Investment Insights
- Newly developed premier management rights opportunity in rapidly growing Ipswich
- Annual net profit of $558,778 with a substantial body corporate salary of around $250,000
- Manage a high-quality permanent letting pool of 160 out of 182 units, ensuring consistent rental income and high occupancy rate
- Operational flexibility with no requirement to live on-site and no mandated office hours
- Luxurious living in a architecturally designed four-bedroom, standalone managers residence with attached office space
- Live onsite in luxury or rent out the residence for additional income of $35,000 per year
- Prime location and modern amenities make this property perfect for investors/owner operators seeking strong, reliable returns and operational ease
- Asking price of $4,400,000, inclusive of manager's real estate, with all offers being considered
Management Rights Multiplier: 6.62
ROI Estimate: 15.10%