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 $165,443 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: $165,447 Remuneration / Body Corp Salary: $76,638
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. 25-year Accommodation Module agreement, 23 years remaining, providing long-term contractual security.
2. Business-only sale, no manager’s residence required, enabling lower entry cost and off-site living flexibility.
3. Price $890,000, with an indicated multiple of 5.4x, signalling standard industry valuation metrics.
4. Nett profit approximately $165,445 per year, providing strong cashflow for an owner-operator.
5. Body Corporate remuneration / salary shown as $76,638, adding a recurring income component.
6. Easily managed by a single person, supported by a user-friendly Body Corporate team, suitable for owner-operators or newcomers.
7. Exclusive-use office located on-site with no restrictive office hours, while current operations are largely run from home.
8. Complex size 59 units, with 39 units in the letting pool, 15 owner-occupied units, and 5 outside agent units, indicating a substantial managed portfolio.
9. Minimal equipment included, only a printer in the office, with Body Corporate covering trimming and current manager paying lawn mowing at $2,000 per year.
10. Business operated by current managers since purchase off the plan, implying established systems and six years since last market listing.
11. Business-only management rights are rare in Queensland, presenting a distinctive market opportunity with greater flexibility.
