Slacks Creek, Queensland

Low multiplier - Perfect for a sole trader and the first time manager

Expression Of Interest

Business Description

• Almost 75% net income from body corporate salary
• Easy caretaking
• Friendly committee
• Manageable by one person, suitable for a sole operator or the first time manager
• With potential for a handy person to expand repairs and maintenance service for additional income
• Close to all amenities
• In a convenient location between Brisbane and the Gold Coast

Business Summary

Business Snapshot

Price: Expression Of Interest Net Profit: $73,520 Remuneration / Body Corp Salary: $55,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $335,000Bedrooms: 3Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 43Total Units in Letting Pool: 16Agreement Module: StandardAgreement Term Remaining: 18 yearsPool: YesBBQ Area: Yes
Marketing Agent
CeCe Chen
CeCe Chen

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. The business has a high net income, with almost 75% coming from the body corporate salary.
2. The caretaking duties are easy and manageable, making it suitable for a sole operator or first-time manager.
3. The committee is friendly and easy to work with.
4. There is potential for additional income through expanding the repairs and maintenance service.
5. The location is convenient, being close to all amenities.
6. The business is situated between Brisbane and the Gold Coast, providing a good location for potential customers.
7. The asking price is an Expression of Interest, allowing for flexibility in negotiations.
8. The remuneration/body corporate salary is reviewed annually, providing potential for growth.
9. The value of the manager's apartment is $335,000, providing a comfortable living space for the owner.
10. The complex is a permanent type with 43 units, with 16 units in the letting pool.
11. The agreement module is standard, and there are 18 years remaining on the agreement term.
12. The complex has amenities such as a pool and BBQ area, providing added value for residents.

Management Rights Multiplier: 4.96
ROI Estimate: 20.14%

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Caretaking Only in South Side of Brisbane
Onsite Management Rights
Caretaking Only in South Side of Brisban...

LOGANHOLME

Offers Over $849,000

Net Income: -
Managers Estate: $550,000 3 Bed 2 Bath
Letting Pool: -
Remuneration: $62,110

Close to Sunnybank
Onsite Management Rights
Close to Sunnybank

ROCHEDALE SOUTH

$795,000

Net Income: $89,503
Managers Estate: $395,000 3 Bed 1 Bath
Letting Pool: 39
Remuneration: $55,148

Flexible, Profitable, Iconic – Business Only Management Rights in Kangaroo Point
Exclusive Management Rights in Iconic Kangaroo Point
Jewel of the Southern Gold Coast - Prime Management Rights With $857k Net Profit
WATERFRONT MIDNORTH COAST FREEHOLD MOTEL WITH DA - 1027MF
Solid Income and Easy Permanent MR in Brisbane Southside
Hotel Lona – Fully Renovated Venue in Frankston's Entertainment Hub
Rare and exceptional Executive Motel in the heart of Ballarat | Resort Brokers ID : FH008721
Off the plan Management Rights in landmark Yarrabend Masterplan Proj. Net $900K+ | Resort Brokers ID : OTP008716
Stunning 18-room motel freehold with upside in a strong growth region! | Resort Brokers ID : FH008646
Acquire Newell Motor Inn: Prime Freehold with High Occupancy & Growth | Resort Brokers ID : FH008706
Charming Leasehold Motel - Prime location with growth potential | Resort Brokers ID : LH008727
Charming Freehold Going Concern Motel - Prime location with growth potential | Resort Brokers ID : FH008719
A Permanent Package – Central Southport!!
Sunshine Coast Hinterland Management Rights - No Competition, High Margin | Resort Brokers ID : MR008711
Permanent Caretaking and Letting!!!
An Unpolished Gem!!!
Great Cairns CBD Permanent
The Jewel in the Crown