Springfield Lakes, Queensland
Business Only in the Heart of Springfield Net Over $350K
$2,080,000 - Business Only
Business Description
Ras360° Property Solutions proudly presents an exceptional Management Letting Rights (MLR) opportunity in Springfield Lakes, a suburb within Springfield, Australia’s fastest-growing city. This business boasts a high ROI of over 17% and a strong net profit – the perfect combination for those seeking a lucrative and almost passive income!
Key Features:
• Dependable Income: Secured by a reliable body corporate salary, ensuring consistent cash flow.
• Minimal Workload: No communal facilities (such as gyms, pools, or BBQ areas) to manage.
• Genuine Business-Only Structure: Offers flexibility and autonomy to the incoming operator.
• Outstanding ROI: Enjoy over a 17% return on investment, with plenty of room for further growth.
• No Onsite Residency or Set Office Hours: Enjoy personal freedom without the usual constraints.
• Long-Term Stability: Comes with a 25-year caretaking and letting agreement, with over 22 years remaining, providing long-term security.
Benefits of Investing in Springfield:
Springfield is not only Australia’s fastest-growing city but also a thriving hub for economic and residential growth. It boasts excellent infrastructure, access to major transport links, and a diverse community, making it an ideal location for sustainable business growth. Investing here means positioning yourself in a city poised for continued expansion and development.
Vendor Testimonial:
"The Committee is the best I have ever worked with in my extensive tenure in the industry," says the current vendor, underscoring the supportive environment and excellent working relationships.
**Ras360 – Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $2,080,000 - Business Only
Net Profit: $356,792 Remuneration / Body Corp Salary: $112,279
Complex Information
Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 64Owner Occupy Units: 6Outside Agent Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. High ROI and strong net profit of over $350,000, making it a lucrative and almost passive income opportunity.
2. Dependable income secured by a reliable body corporate salary, ensuring consistent cash flow.
3. Minimal workload with no communal facilities to manage, providing a low-stress and easy-to-manage business.
4. Genuine business-only structure offering flexibility and autonomy to the incoming operator.
5. Outstanding ROI of over 17%, with potential for further growth.
6. No onsite residency or set office hours, providing personal freedom and flexibility.
7. Long-term stability with a 25-year caretaking and letting agreement, with over 22 years remaining.
8. Located in Springfield, Australia's fastest-growing city, with excellent infrastructure and access to major transport links.
9. Supportive environment and excellent working relationships with the current vendor.
10. Includes 80 units in the complex, with 64 units in the letting pool and only 6 owner-occupied units.
11. Agreement term of 25 years, providing long-term security and stability for the business.
