Thornlands, Queensland
Thornlands Permanent Complex - Business Only
$890,000 - 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 23 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 $160,643 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 5.4x, the business is competitively priced at $890,000, 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.
There is no equipment as BC pays for all trimming and current manager pays lawn mowing at$2,000 per year. There is a printer only in the office as current manager manages all operations from home
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: $890,000 - Business Only
Net Profit: $160,643 Remuneration / Body Corp Salary: $77,928
Complex Information
Complex Type: PermanentTotal Units in Complex: 59Total Units in Letting Pool: 39Owner Occupy Units: 15Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Key Investment Insights
1. Business-only management rights offered at $890,000, priced at a 5.4x multiple.
2. Strong annual nett profit of $160,643, with remuneration/body corporate salary of $77,928.
3. 25-year accommodation agreement in place, with 23 years remaining, providing long-term contract security.
4. Exclusive‑use on-site office provided, with no restrictive office hours to adhere to.
5. No manager’s residence required, buyers can live off-site, reducing upfront capital outlay and ongoing costs.
6. Easily operated by a single owner-operator, supported by a user-friendly Body Corporate team.
7. Business-only model is rare in Queensland, offering lower entry costs and greater flexibility for buyers.
8. Complex size: 59 total units, 39 in the letting pool, 15 owner-occupied units, and 5 outside agent units.
9. Minimal equipment included, only a printer in the office; Body Corporate covers trimming, current manager pays $2,000 per year for lawn mowing.
10. Originally purchased off the plan and meticulously operated for six years, indicating stable management history.
11. Located in highly sought-after Thornlands, described as a rare opportunity in the area.
12. Streamlined operational structure suitable for experienced operators seeking simplicity or newcomers seeking an easier transition.
