Springfield Lakes, Queensland
Over $350k Net Business Only in Fringe Brisbane
$2,080,000 - Business Only
Business Description
Ras360° Property Solutions is excited to present a distinguished Management Letting Rights (MLR) opportunity in Springfield Lakes, a prominent suburb within the rapidly expanding Greater Springfield area. This venture offers an impressive return on investment exceeding 17%, coupled with a robust net profit, making it an ideal choice for those seeking a profitable and low-maintenance business endeavour.
Key Advantages:
• Reliable Revenue Stream: Benefit from a consistent body corporate salary, ensuring steady income.
• Low Maintenance Obligations: With no communal amenities such as pools, gyms, or barbecue areas to oversee, the workload is significantly reduced.
• Pure Business Model: This structure provides the incoming operator with flexibility and independence.
• Exceptional ROI: Achieve a return on investment surpassing 17%, with substantial potential for future growth.
• Freedom from Onsite Residency and Fixed Office Hours: Enjoy personal autonomy without the typical constraints associated with such roles.
• Long-Term Security: The opportunity includes a 25-year caretaking and letting agreement, with more than 22 years remaining, ensuring stability
Investing in Springfield Lakes:
Springfield Lakes stands as the largest master-planned residential development in the southern hemisphere, strategically positioned between Brisbane and Ipswich in South East Queensland's Western Growth Corridor. Initiated in 2000, the suburb has matured into a well-serviced community boasting excellent infrastructure and a comprehensive range of amenities.
Vendor's Perspective:
The current operator highlights the exceptional support and positive working relationship with the Committee, describing it as "the best I have ever worked with in my extensive tenure in the industry." This endorsement underscores the collaborative and supportive environment that accompanies this opportunity.
This Management Letting Rights opportunity in Springfield Lakes offers a compelling blend of profitability, flexibility, and long-term security, set within a thriving and strategically located community.
Ras360° – Specialists in Management Rights | Motels | Hotels | Pubs | Parks
Business Summary
Business Snapshot
Price: $2,080,000 - Business Only
Net Profit: $356,000 Remuneration / Body Corp Salary: $112,000
Complex Information
Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 64Owner Occupy Units: 10Outside Agent Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. The business offers a reliable revenue stream with a consistent body corporate salary, ensuring steady income.
2. The workload is significantly reduced due to the low maintenance obligations, as there are no communal amenities to oversee.
3. The business model provides flexibility and independence for the incoming operator.
4. The return on investment is exceptional, exceeding 17%, with potential for future growth.
5. The business offers freedom from onsite residency and fixed office hours, allowing for personal autonomy.
6. The opportunity includes a 25-year caretaking and letting agreement, with more than 22 years remaining, providing long-term security.
7. Springfield Lakes is a rapidly expanding suburb in the Greater Springfield area, offering excellent infrastructure and a comprehensive range of amenities.
8. The current operator has a positive working relationship with the Committee, making it a collaborative and supportive environment.
9. The business is priced at $2,080,000 for the business only, with a net profit of $356,000 and a remuneration/body corp salary of $112,000.
10. The complex is a permanent complex with 80 units, 64 of which are in the letting pool.
11. The agreement term is 25 years, with 22 years remaining.
12. There are 10 owner-occupied units and 6 outside agent units in the complex.