Shailer Park, Queensland

Retiring Seller: 2.58X Steal Investment!

SOLD

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: SOLD 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. Priced at an exceptionally low 2.58X multiple, promoted as a fire-sale opportunity.
2. Net profit of $62,607, indicating clear current owner earnings.
3. Guaranteed Body Corporate salary of $56,020, providing secure baseline remuneration.
4. Low operational commitment, with no set office hours and only reasonable availability required.
5. 10 units in the letting pool within a 48-unit complex, offering steady rental income and potential to grow the pool.
6. Managers apartment valued at $598,000, a renovated 3-bedroom townhouse with air conditioning, private courtyard and garage.
7. Complex composition includes 31 owner-occupy units and 2 units under outside agents, suggesting owner-dominant community stability.
8. Agreement term submitted to be extended to 25 years, with 20 years currently remaining, supporting long-term value and security.
9. Prime Shailer Park location, approximately 5 minutes to Logan Hyperdome and Meadowbrook Golf Course.
10. Proximity to key amenities and transport links, near John Paul College, Griffith University, and the M1 with about 30 minutes to Brisbane and 35 minutes to the Gold Coast.
11. Retiring seller seeking a quick deal, implying urgency and potential for negotiation.

Management Rights Multiplier: 2.58
ROI Estimate: 38.74%