Slacks Creek, Queensland

Undervalued 2.68x MLR + 13 Letting Upside + Prime Location

SOLD

Business Description

Undervalued 2.68x MLR + 13 Letting Upside + Prime Location

Still sitting on the sidelines? Deals like this don’t wait forever.
This is one of the lowest-risk, high-upside entries into the management rights world you’ll see all year.

Secure a gated community MLR in a super-convenient location just 15 mins from Brisbane CBD. With easy gardens, no office hours, and a caretaking salary making up 85% of your income, this is the ultimate low-stress side hustle - or perfect for a first-time buyer looking for flexibility and stability.

Location Highlights
Set in a peaceful gated community just 1 minute from public transport and 5 minutes to Underwood Marketplace and the M1, this complex offers unbeatable convenience. Enjoy quick access to Brisbane CBD (15 minutes) and the Gold Coast (under 45), with local schools, parks, shops, and riverfront walkways all nearby. Residents love the resort-style pool and BBQ area, and as manager, you’ll enjoy the lifestyle without the maintenance burden.

Your Home Included
Live on-site in a 3-bedroom townhouse with one bathroom and secure parking — valued at $579K and all included in the price. The complex even features a resort-style pool and BBQ area that residents love (and you don’t have to maintain!).

Why It’s a Smart Buy
With a low 2.68x multiple, 85% of income from caretaking, and 19 years remaining on the agreement, this is a low-risk, high-stability investment. There’s real potential to grow profits by converting 13 externally managed units into your letting pool. Minimal day-to-day workload, no office hours, and a high-value townhouse included make this an ideal choice for first-time buyers or those seeking an easy, income-producing lifestyle.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: SOLD Net Profit: $69,012 Remuneration / Body Corp Salary: $65,645

Managers Unit

Value of Managers Apartment: $579,800Bedrooms: 3Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 43Total Units in Letting Pool: 4Owner Occupy Units: 26Outside Agent Units: 13Agreement Term: 25 yearsAgreement Term Remaining: 19 years

Marketing Agent

Kevin Tsai

0403 44....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Undervalued at a low 2.68x MLR multiple, described as a rare low-risk, high-upside entry into management rights.
2. Clear letting upside with 13 externally managed units available to convert into the letting pool, offering immediate revenue growth potential.
3. Strong caretaking income profile, with 85% of income derived from the caretaking salary, providing income stability.
4. Reported net profit $69,012 and remuneration/body corp salary $65,645, indicating profitability closely aligned with caretaking income.
5. Managers unit included on-site, a 3-bedroom townhouse valued at $579,800, with one bathroom and secure parking, enhancing overall asset value.
6. Prime, super-convenient location 15 minutes from Brisbane CBD, under 45 minutes to the Gold Coast, and 1 minute from public transport.
7. Immediate local amenity access, 5 minutes to Underwood Marketplace and the M1, plus nearby schools, parks, shops and riverfront walkways.
8. Resort-style complex features including pool and BBQ area, contributing to tenant appeal and lifestyle benefits for the manager, with maintenance obligations described as minimal.
9. Low operational burden, no office hours and minimal day-to-day workload, suitable as a low-stress side business or for a first-time buyer seeking flexibility.
10. Complex scale and composition: 43 total units, 4 currently in the letting pool, 26 owner-occupied units, and 13 outside-agent units.
11. Long-term agreement structure, 25-year agreement with 19 years remaining, providing contract stability and predictable income.
12. Positioned as a turnkey offering combining residence and business, enhancing convenience and reducing housing costs for the manager.

Management Rights Multiplier: 2.68
ROI Estimate: 9.02%