Thorneside, Queensland
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:
Management Rights Broker
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 TitleLarge 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
Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit of $196,034, with a low business multiplier of 3.95.
2. Body Corporate remuneration of $172,071 plus GST represents approximately 87% of net profit and increases annually with CPI.
3. Secure Standard Module agreement with the full 10 year term remaining.
4. No set office hours and simple caretaking duties support flexible scheduling.
5. Permanent letting pool of 18 units, with externally managed units offering potential to expand letting income.
6. Supportive and cooperative Body Corporate Committee.
7. Asking price of $1,650,000 includes the manager’s townhouse.
8. Spacious manager’s townhouse includes three bedrooms, 1.5 bathrooms, air conditioning, a private courtyard and a single garage.
9. Professional office on title features a separate entrance.
10. Moreton Bay location within a peaceful residential environment.
11. Complex facilities include a pool, tennis court and BBQ area.
Management Rights Multiplier: 4.13
ROI Estimate: 11.88%
