Thorneside, Queensland

Exclusive - Stable Income - 87% from Salary | Net Profit $196,034 - ID 9235

$1,650,000

Business Description

Permanent Management Rights For Sale
Huge Income Upside Potential & Low Multiplier

- High Body Corporate remuneration of $172,071 plus GST, increasing annually in line with CPI, represents approximately 87% of the total net profit, providing exceptional income security and stability.

- No set office hours, allowing you the flexibility to manage your own schedule while enjoying an ideal semi-retirement lifestyle.

- Simple and easy caretaking duties.

- Very high net profit of $196,034.

- All permanent rentals, with a current letting pool of only 18 units, together with a substantial number of units managed by outside agents, providing significant future income growth opportunities through expansion of the letting pool.

- Secure 10-year Standard Module agreement, with the full 10-year term remaining.

- Supportive and cooperative Body Corporate Committee

- Low multiplier only 3.95

- Large manager's townhouse featuring 3 bedrooms, 1.5 bathrooms, a single lock-up garage, and air conditioning

- Private courtyard together with a spacious professional office on title featuring a separate entrance.

- Conveniently located within a peaceful residential environment.

- Total Asking Price: $1,650,000 (including the spacious three-bedroom manager's townhouse).

If you are looking for a management rights business with exceptionally secure income and an easy lifestyle, this outstanding opportunity deserves your attention.

No more searching—your ideal management rights business is right here!

Net Profit: $196,034
Asking Price $1,650,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an insepction of this Moreton Bay Management Rights business for sale contact:

Exclusive Agent
Bill He

Property Code: 1181

Business Summary

Business Snapshot

Price: $1,650,000 Net Profit: $196,034 Remuneration / Body Corp Salary: $172,071Business Value: $775,000

Managers Unit

Value of Managers Apartment: $840,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On Title

Large manager's townhouse featuring 3 bedrooms, 1.5 bathrooms, a single lock-up garage, and air conditioning. Private courtyard together with a spacious professional office on title featuring a separate entrance. Conveniently located within a peaceful residential environment.

Complex Information

Complex Type: PermanentAgreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. High income security, approximately 87% of net profit derived from Body Corporate remuneration of $172,071 plus GST.
2. Body Corporate fees indexed to CPI, providing predictable annual income growth.
3. Strong net profit of $196,034, demonstrating solid current cashflow.
4. Low advertised multiplier of 3.95, indicating an attractive valuation metric per vendor.
5. Asking price $1,650,000 inclusive of the manager’s three-bedroom townhouse, aligning business and accommodation value.
6. Secure 10-year Standard Module agreement with the full term remaining, offering long-term contractual stability.
7. All permanent rentals with a current letting pool of only 18 units, plus many units managed by external agents, creating clear avenues for expanding revenue by increasing the letting pool.
8. Supportive and cooperative Body Corporate Committee, reducing governance friction and operational risk.
9. Low-effort operations, described as simple caretaking duties with no set office hours, suitable for semi-retirement ownership.
10. Manager’s townhouse includes 3 bedrooms, 1.5 bathrooms, single lock-up garage and air conditioning, providing quality onsite accommodation.
11. Property includes a private courtyard and a spacious professional office on title with separate entrance, supporting onsite business administration and tenant interaction.

Management Rights Multiplier: 4.13
ROI Estimate: 11.88%