Sippy Downs, Queensland
Sunshine Coast Management Rights Opportunity - Net Circa 1.2 Million
$8,960,000
Business Description
Exclusively presented is this substantial management rights opportunity positioned in a highly sought-after Sunshine Coast location close to the University of the Sunshine Coast, major amenities and the broader Sunshine Coast lifestyle.
This is an established management rights business offering an impressive combination of strong body corporate remuneration, additional income streams, a large letting pool and a long-term management agreement.
With net income of approximately $1.2 million, the business provides significant scale and an established operating structure for an experienced management rights operator.
BUSINESS AT A GLANCE
- Net income circa $1.2 million
- Body Corporate Caretaking remuneration package exceeding $600,000
- Additional income from letting commissions, letting fees, data packages, internet rental and common area cleaning
- Proposed agreement top-up scheduled at an upcoming EGM, extending the term to 22 years to 2048
- Established management operation with supporting staff and contractors
- Strong demand with a current waiting list
ESTABLISHED OPERATING STRUCTURE
The business operates with an established staffing and contractor structure, with the current P&L allowing for wages associated with:
- Front office reception
- Common area cleaning
- Gardening
- Maintenance
- Cleaning
- Security
This provides an incoming operator with an established operational framework and allows the business to be managed with appropriate staffing support.
LONG-TERM AGREEMENT
The current management rights operator has just submitted a top up proposal for an upcoming EGM which will take these agreements to a healthy 22 years (2048).
A long-term agreement of this nature provides valuable security of tenure and supports the substantial value of the management rights business.
AN OPPORTUNITY OF SCALE
This is a significant management rights operation suited to an experienced operator looking to acquire a substantial business with multiple income streams, strong body corporate remuneration and long-term security of tenure.
With established systems, supporting staff, a large letting pool and significant annual income, the opportunity provides an incoming purchaser with the ability to acquire and operate a well-established management rights business in one of the Sunshine Coast's growing precincts.
REAL ESTATE – includes real estate valued at $1,520,000
Net Profit: $1,200,000 - Circa
Property Code: 152
Business Summary
Business Snapshot
Price: $8,960,000
Remuneration / Body Corp Salary: $600,000Body corp salary review: CPI Annually
Managers Unit
Office: On TitleComplex Information
Complex Type: n/aAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
AI generated. Confirm details with the seller.
1. Net income of approximately $1.2 million supports a substantial management rights investment opportunity.
2. Body corporate caretaking remuneration exceeds $600,000, with annual CPI salary reviews.
3. Multiple additional income streams include letting commissions, letting fees, data packages, internet rental and common area cleaning.
4. Long term agreements have 22 years remaining to 2048, subject to the proposed EGM top up.
5. Established staffing and contractor arrangements cover reception, cleaning, gardening, maintenance and security.
6. The business includes real estate valued at $1.52 million, with the manager’s unit and office on title.
7. A large letting pool and current waiting list indicate established demand for the operation.
8. The Sunshine Coast location is close to the University of the Sunshine Coast, major amenities and lifestyle attractions.
9. Established systems, staff and contractors provide an operating structure suited to an experienced management rights operator.
