Robertson, Queensland

Not Required To Live Onsite

$1,750,000

Business Description

• Solid net over $174,101 including $67,451 remuneration with 5% increase annually
• Not required to live onsite
• No set office hours
• Easy to run with manageable caretaking duties for either a single or couple operator
• Perfect for first time manager or add-on to your existing portfolio
• Prime location, extremely popular to renters
• Close to all amenities, transportation, Griffith University and QEII Hospital
• Long agreement 24 years remaining
• Large 3 beds and 2 baths Manager Unit with Office on-title on a 400 square meters land site.

Business Summary

Business Snapshot

Price: $1,750,000 Net Profit: $174,101 Remuneration / Body Corp Salary: $67,451Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 32Total Units in Letting Pool: 24Owner Occupy Units: 7Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes
Marketing Agent
CeCe Chen
CeCe Chen

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. The business has a solid net profit of over $174,101, which includes a remuneration of $67,451 with a 5% annual increase.
2. The manager is not required to live onsite, providing flexibility for the operator.
3. There are no set office hours, making it easy to manage for either a single or couple operator.
4. The caretaking duties are manageable, making it a perfect opportunity for first-time managers or as an add-on to an existing portfolio.
5. The location is prime and extremely popular among renters, with close proximity to all amenities, transportation, Griffith University, and QEII Hospital.
6. The agreement has a long remaining term of 24 years.
7. The manager's unit is a large 3-bedroom, 2-bathroom apartment with an office on-title, valued at $800,000.
8. The complex is of the permanent type, with a total of 32 units, 23 of which are in the letting pool.
9. There are 6 owner-occupied units and 5 outside agent units.
10. The agreement module is Accommodation, with a term of 25 years.
11. The complex features a pool and BBQ area for residents.

Management Rights Multiplier: 5.46
ROI Estimate: 18.33%

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Exclusive - Rare Investment Opportunity - ID 9160
2.18 Multiplier on the Gold Coast - ID 9166
PRIME TOURISM DEVELOPMENT OPPORTUNITY IN STUNNING NSW SOUTH COAST LOCATION | Resort Brokers ID : FH008462
High End Resort situated in popular tourist destination Airlie Beach | Resort Brokers ID : MR008486
Exclusive - Prime Location With Excellent Growth - ID 9157
Business-Only Opportunity in Brisbane - ID 9165
Cannot find what you’re looking for in today’s market then, Build Your Own! | Resort Brokers ID : FH008480
Exclusive - High Return Management Rights Opportunity - ID 9156
Exclusive - Prime Location Near Sunnybank - ID 9159
Exceptional Management Rights Opportunity in Beautiful Scarborough
Exclusive - High Return Investment Opportunity - ID 9158
Laguna on Hastings -  Building Manager & Letting Agreement
A1 Motel - 1P6181
Calling All Aspiring Homeowners:Guaranteed Income and Work-from-Home Opportunity | Resort Brokers ID : MRC008473
Acquire a Premier Resort on the Sapphire Coast | Resort Brokers ID : FH008457
Rare Opportunity – First Time on the Market in 20 Years
Bella Vista 18 Units Long Lease Offers Considered
Albany Creek Permanent Complex Caretaking only