Shailer Park, Queensland

Retiring Seller: 2.58X Steal Investment!

Low 2.58X MR @ $162k + Undervalued Manager Unit @ $598k

Business Description

Retiring Seller: 2.58X Steal Investment!

This is a rare fire-sale opportunity for a turnkey management rights business in Shailer Park! With a net profit of $62,607, a secure $56,020 Body Corporate salary, and no set office hours, this is priced to move fast at just 2.58X multiple!

Why This is an Absolute Steal:
- Massive Value - Only 2.58X Multiple!
- $62,607 Net Profit with $56,020 Guaranteed Body Corporate Salary
- Low-Commitment Management - No office hours, just reasonable availability
- 10 Units in Letting Pool - Steady income with room for growth
- Renovated 3-Bedroom Townhouse - Air-conditioned, private courtyard, garage
- Prime Location - 5 mins to Logan Hyperdome & Meadowbrook Golf Course, near John Paul College, Griffith Uni, and M1 (Brisbane 30 mins, Gold Coast 35 mins)
- Top-Up to 25 Years Submitted - A motion to extend agreements to 25 years has already been submitted for the upcoming March AGM, securing long-term value for the new owner

Retiring Seller Wants a Quick Deal - Act Fast!

This is priced to sell, and opportunities like this don’t last long. Make an offer before it’s gone!

Business Summary

Business Snapshot

Price: Low 2.58X MR @ $162k + Undervalued Manager Unit @ $598k Net Profit: $62,607 Remuneration / Body Corp Salary: $56,020

Managers Unit

Value of Managers Apartment: $598,000Bedrooms: 3Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 10Owner Occupy Units: 31Outside Agent Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

Kevin Tsai

0403 44....

Ras360

Key Investment Insights

1. Rare fire-sale opportunity for a turnkey management rights business in Shailer Park.
2. Priced at just 2.58X multiple, making it a great value investment.
3. Net profit of $62,607 and guaranteed body corporate salary of $56,020.
4. Low-commitment management with no set office hours.
5. 10 units in the letting pool, providing steady income with potential for growth.
6. Renovated 3-bedroom townhouse included in the sale, with air-conditioning, private courtyard, and garage.
7. Prime location near popular amenities and major highways, providing easy access to Brisbane and Gold Coast.
8. Motion to extend agreements to 25 years has already been submitted, securing long-term value for the new owner.
9. Retiring seller is looking for a quick deal, making this a time-sensitive opportunity.
10. Manager's unit valued at $598,000 and includes 3 bedrooms, 1 bathroom, and 1 car space.
11. Complex is a permanent type with a total of 48 units, 10 of which are in the letting pool.
12. Owner occupancy rate is 31 units, with 2 units managed by outside agents.
13. Agreement term is 25 years with 20 years remaining.

Management Rights Multiplier: 2.58
ROI Estimate: 38.74%