Richlands, Queensland

Profit Meets Freedom 72-Unit MLR, $216K Net Profit, ZERO Office Hours - Profit Meets Freedom Lifestyle

MR $1.05m + UNIT $828k = $1.87M

Business Description

Ras360 proudly presents an exceptional 72-unit management rights opportunity — a modern, high-quality complex purpose-built for operators who value simplicity, flexibility and a genuine "set-and-run" lifestyle. This is a rare business that delivers both financial confidence and real day-to-day freedom.

Key numbers:

💰 $216,288 verified net profit — at an attractive low multiple of 4.85x
🔒 Agreements running through to 2047 — long-term security backed by a CPI-indexed caretaking salary
⏰ Zero mandated office hours — design your own schedule, your way
🌿 Just 6–8 hours of gardening per week plus routine inspections — that's it
🏗️ Built in 2017 — modern, low-maintenance complex in excellent condition
🤝 Proactive Body Corporate — effective systems already in place
The freedom factor: With no "always-on" pressure and no set hours, this role suits operators wanting more family time, a smooth transition into semi-retirement, or the flexibility to run other income streams alongside a stable operation. Much of the workload is simply completed by moving through the complex and keeping daily operations ticking along — straightforward, predictable, and manageable.

The residence: A generous 3-bedroom, 2-bathroom manager's home with a dedicated office, additional utility room and two car parks — positioned for easy access to common areas so you can respond to requests, meet contractors and manage the property from the comfort of home.

The bottom line: Long agreements to 2047, a low 4.85x multiple, minimal workload and total schedule freedom — this is a rare opportunity to secure a modern, high-performing management rights business without sacrificing your lifestyle.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: MR $1.05m + UNIT $828k = $1.87M Net Profit: $216,288 Remuneration / Body Corp Salary: $94,458

Managers Unit

Value of Managers Apartment: $828,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 72Total Units in Letting Pool: 44Owner Occupy Units: 15Outside Agent Units: 13Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Marketing Agent
Kevin Tsai
Kevin Tsai

Nathan Eades
Nathan Eades

Key Investment Insights

AI generated. Confirm details with the seller.

1. Verified net profit of $216,288 with an advertised 4.85 times multiple.
2. Zero mandated office hours support a flexible operating schedule and lifestyle focused management model.
3. Only six to eight gardening hours weekly plus routine inspections indicate a manageable operational workload.
4. Modern 2017 built complex with 72 permanent units and established proactive Body Corporate systems.
5. Management rights agreements have 22 years remaining, providing long term operational security.
6. Three bedroom, two bathroom manager’s residence includes a dedicated office, utility room and two car spaces.
7. The manager’s residence is positioned for convenient access to common areas, contractors and property operations.
8. The letting pool comprises 44 units, supported by 15 owner occupiers and 13 outside agent units.

Management Rights Multiplier: 4.85
ROI Estimate: 11.52%

Listing location
Gallery

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