Thornlands, Queensland
Thornside Permanent Complex - Business Only
$998,000 - Business Only
Business Description
For the first time in six years, this exceptional business-only management rights opportunity in Thornlands is now on the market. Originally purchased off the plan by the current managers, this business has been meticulously operated and is primed for new ownership.
Boasting a 25-year agreement with 25 years remaining under the Accommodation Module, this business offers long-term security and stability. The exclusive-use office is conveniently located on-site, with no restrictive office hours to adhere to. Better still, there’s no unit to buy, making this an attractive and affordable investment.
Earning a solid $180,000 nett profit annually, this business is perfect for an owner-operator, easily managed by one person with a user-friendly Body Corporate team that supports smooth operations. At a multiple of 5.5x, the business is competitively priced at $988,000, offering strong returns and a streamlined structure.
The business-only model is a rarity in Queensland, offering lower entry costs and greater flexibility. Without the need to purchase a manager's residence, buyers enjoy significant savings and the freedom to live off-site. This structure is particularly appealing to experienced operators seeking simplicity, or newcomers looking for an easier transition into the management rights industry.
Opportunities like this in the highly sought-after Thornlands area are rare. Don’t miss the chance to secure this outstanding investment and enjoy the freedom and profitability of a business-only management rights operation. Contact us today to learn more or arrange an inspection.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $998,000 - Business Only
Net Profit: $180,000 Remuneration / Body Corp Salary: $74,247
Complex Information
Complex Type: PermanentTotal Units in Complex: 59Total Units in Letting Pool: 41Owner Occupy Units: 18Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. This business-only management rights opportunity is located in the highly sought-after area of Thornlands.
2. The business has been meticulously operated for the past six years and is now on the market for the first time.
3. The business boasts a 25-year agreement with 25 years remaining under the Accommodation Module, providing long-term security and stability.
4. The exclusive-use office is conveniently located on-site with no restrictive office hours.
5. There is no unit to buy, making this an affordable and attractive investment opportunity.
6. The business earns a solid $180,000 net profit annually.
7. The business is easily managed by one person and has a user-friendly Body Corporate team for support.
8. The business is competitively priced at $988,000 with a multiple of 5.5x, offering strong returns and a streamlined structure.
9. The business-only model is a rarity in Queensland, offering lower entry costs and greater flexibility.
10. Opportunities like this in the Thornlands area are rare and highly sought-after.
11. The business is ideal for experienced operators seeking simplicity or newcomers looking for an easier transition into the management rights industry.
12. The business is managed by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
13. The business snapshot includes a price of $998,000 for the business only, a net profit of $180,000, and a remuneration/body corp salary of $74,247.
14. The complex is of the permanent type and has a total of 59 units, with 41 units in the letting pool and 18 owner-occupied units.
15. The agreement term is 25 years with 25 years remaining.
