Sinnamon Park, Queensland

Unlock Success with This Prime Management Gem in the Western Suburbs!

$420k MR & $800k Unit = Total $1.220M

Business Description

Offers From $1,220,000
Explore this exceptional management rights opportunity situated in the highly sought-after Western Suburbs. Conveniently located near a major shopping center and essential amenities, this complex promises accessibility and comfort.

Currently managed by a single individual, the property includes a cozy manager's unit complete with all necessary amenities. Featuring a manageable workload and robust income, this offering is attractively priced for a swift sale.

The complex is set within a landscaped gated community with a picnic area furnished with tables and chairs.

Key Financial Details:
- Net Profit: $145,476 (supported by a strong Body Corporate salary)
- Unit Price: $800,000
- Business Price: $420,000
- Total Price: $1,220,000

ADDITIONAL BENEFITS:
- No mandatory onsite residency requirement.
- Option to secure the office and operate the business remotely.
- Potential rental income from the manager's unit: $630 per week (not reflected in P&L).

Act quickly to seize this outstanding opportunity.

***Ras 360 Property Solutions - Management Rights |Motels | Hotels | Pubs | Parks ***

Business Summary

Business Snapshot

Price: $420k MR & $800k Unit = Total $1.220M Net Profit: $145,476 Remuneration / Body Corp Salary: $102,469

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 4Bathrooms: 2Car Spaces: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 59Total Units in Letting Pool: 14Owner Occupy Units: 41Outside Agent Units: 4Agreement Term: 10 yearsAgreement Term Remaining: 8 years
Marketing Agent
Robert Collins
Robert Collins

Joel McCartin
Joel McCartin

Key Investment Insights

1. Total asking price $1,220,000, comprised of $420,000 for the management rights business and $800,000 for the manager’s unit.
2. Reported net profit $145,476, supported by a substantial Body Corporate salary of $102,469.
3. Manager’s unit valued at $800,000, featuring four bedrooms, two bathrooms and three car spaces.
4. Potential additional rental income from the manager’s unit of $630 per week, not included in the P&L.
5. Currently operated by a single manager, indicating a manageable workload and straightforward handover.
6. No mandatory onsite residency requirement, with the option to secure the office and operate the business remotely.
7. Complex is a permanent gated community, landscaped with a picnic area furnished with tables and chairs, enhancing resident appeal.
8. Convenient Western Suburbs location near a major shopping centre and essential amenities, supporting occupancy and lettings.
9. Total complex size 59 units, with 14 units in the letting pool and 41 owner‑occupied units, suggesting stable owner presence.
10. Four units managed by outside agents, indicating limited external competition within the complex.
11. Management agreement term is 10 years with eight years remaining, providing medium-term contractual security.
12. Listing positioned as attractively priced for a swift sale, signalling potential for a timely transaction.

Management Rights Multiplier: 2.89
ROI Estimate: 34.64%

Listing location
Gallery

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