Sinnamon Park, Queensland

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

$420k MR & $730k Unit = Total $1.15M

Business Description

Offers From $1,150,000
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: $730,000
- Business Price: $420,000
- Total Price: $1,150,000

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&

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

Business Summary

Business Snapshot

Price: $420k MR & $730k Unit = Total $1.15M Net Profit: $145,476 Remuneration / Body Corp Salary: $102,469

Managers Unit

Value of Managers Apartment: $730,000Bedrooms: 4Bathrooms: 2Car Spaces: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 59Total Units in Letting Pool: 13Owner Occupy Units: 42Outside Agent Units: 4Agreement Term: 10 yearsAgreement Term Remaining: 8 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Asking price $1,150,000, split $420,000 for management rights and $730,000 for the manager’s unit.
2. Net profit $145,476, supported by a Body Corporate salary of $102,469.
3. Manager’s apartment valued at $730,000, comprising 4 bedrooms, 2 bathrooms and 3 car spaces.
4. Potential additional rental income from the manager’s unit approx. $630 per week, not included in profit figures.
5. Currently managed by a single individual, indicating a manageable workload and streamlined operations.
6. No compulsory onsite residency, with option to secure the office and operate the business remotely.
7. Complex size 59 units, with 13 units in the letting pool, 42 owner-occupied units and 4 managed by outside agents.
8. Permanent complex with a 10-year management agreement, 8 years remaining.
9. Located in the Western Suburbs, conveniently near a major shopping centre and essential amenities.
10. Set within a landscaped gated community, featuring a picnic area with tables and chairs.
11. Business positioned for a quick sale, described as attractively priced relative to income and unit value.
12. Remuneration structure includes a strong Body Corporate salary component, enhancing cashflow stability.

Management Rights Multiplier: 2.89
ROI Estimate: 12.65%