Redbank Plains, Queensland

Exclusive - Net $480,064 Only $3.23M in Ipswich - 9243A

$3,233,478

Business Description

Permanent Management Rights For Sale
19.6% High Return for Business with 3-Bed House

- Stable Salary: Combined Body Corporate salaries of $211,142 + GST, with annual CPI increases.

- Ultimate Flexibility: No set office hours, complete flexibility, with established and efficient operations.

- Minimal Facilities: Only one small swimming pool, no BBQs, and minimal garden maintenance.

- Low Workload: Simple caretaking duties, allowing time to generate additional income opportunities.

- Strong Returns: Exceptional net profit of $480,064.

- Letting Pool: Permanent rentals only with a letting pool of 87 units, plus 14 external letting (total letting pool 101, with 31 units managed by outside agents).

- Secure Agreement: Long-term security with full 25-year agreements featuring 21 & 20 years remaining.

- Manager's Residence: One large freestanding house on 386 m2 land with 3 bedrooms, 2.5 bathrooms, four-car accommodation, large courtyard & professional office on title. Only one complex needs to live onsite.

- Prime Location: Convenient locations in peaceful, close to everything settings with very supportive and cooperative committees.

The best investment with quality properties and super high income.

Net Profit: $480,064

Asking Price: $3,233,478

(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Ipswich Management Rights business for sale contact:

Management Rights Broker

Bill He

Property Code: 1215

Business Summary

Complex Information

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported net profit of $480,064, with an asking price of $3,233,478 inclusive of the manager’s real estate.
2. Combined Body Corporate salaries of $211,142 plus GST include annual CPI increases.
3. No set office hours and established, efficient operations provide management flexibility.
4. Simple caretaking duties include one small swimming pool, no BBQs and minimal garden maintenance.
5. Permanent rental letting portfolio totals 101 properties, comprising 87 units within the complexes and 14 external lettings.
6. Management agreements have 21 and 20 years remaining, providing long term contractual security.
7. Manager’s residence is a large freestanding house on 386 square metres, with three bedrooms, 2.5 bathrooms and four car accommodation.
8. A professional office on title and large courtyard complement the manager’s residence.
9. Only one complex requires the manager to live onsite.
10. Peaceful, convenient Ipswich locations are supported by cooperative Body Corporate committees.