Slacks Creek, Queensland

Multiplier 4.6x on $285K Net Profit Permanent MLR | Resort Brokers ID : MR008007

Under Contract / Offer

Business Description

ResortBrokers presents an enticing opportunity to acquire the management rights of two low-maintenance permanent townhouse complexes. One of which is a small easy-to-care caretaking-only MLR (standard module) with solely body corporate remuneration and no requirement to purchase any real estate. The main complex (accommodation module) is beautifully maintained and consists of a manager's unit plus a separate stand-alone office and storage room which all are on the title. This is a perfect opportunity for an individual or a family to procure and live in a peaceful complex while enjoying the convenience of managing a lucrative business that offers a strong ROI.

P&L prepared by a professional industry specialist accountant showing a strong combined net profit of $285,598.

One of the key highlights of this opportunity is the flexibility it offers. The two complexes are within very close proximity - only 8 minutes apart. There are no set office hours, allowing the incoming operator to enjoy the freedom and flexibility to suit their circumstances in how they operate this business over time.

Excellent location close to all local amenities, short 5-minute drive to IKEA and Logan Central Plaza, 8-minute drive to the renowned John Paul College and Grove Christian College.

The current manager has been managing this complex for 10 years and is planning for a well-deserved retirement.

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Robust ROI on the business

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Long agreement terms -24+ years (accommodation module) & 10 years (standard module - regular successful top-ups)

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Extremely competitive Multiplier 4.6x

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Separate stand alone office with No set office hours

- Clean P&L prepared by industry professional accountant
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Excellent body corporate relations

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Strong and consistent letting pool

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Located in highly sought-after Southside area with high rental demand

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Suitable for either first time buyer or experience operator as add-on to their existing portfolio

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Property inspections are strictly by appointment only

Date updated: 10 Oct 2024 13:46:27

Business Summary