Shailer Park, Queensland

Retiring Seller: 2.58X Steal Investment!

Under Contract / Offer

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: Under Contract / Offer 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 opportunity for a turnkey management rights business in Shailer Park.
2. Priced at a steal with a 2.58X multiple.
3. Net profit of $62,607 and secure $56,020 Body Corporate salary.
4. Low-commitment management with no set office hours.
5. 10 units in the letting pool with potential for growth.
6. Renovated 3-bedroom townhouse included in the sale.
7. Prime location near popular amenities and major highways.
8. Motion to extend agreements to 25 years has already been submitted.
9. Retiring seller is looking for a quick deal.
10. Manager's apartment valued at $598,000.
11. Permanent complex with 48 units, 10 in the letting pool.
12. 20 years remaining on the agreement term.

Management Rights Multiplier: 2.58
ROI Estimate: 38.74%