Torrington, Queensland
MLR Business Only Net Over $88,000
SOLD
Business Description
Ras360 Property Solutions proudly presents Montecute, a business-only opportunity in Toowoomba, QLD. This 25-year Caretaking and Letting agreement comes with no set office hours and requires no real estate purchase.
Montecute will attract strong tenant demand due to the area's limited supply of new townhouses. Located on Drayton Road, Harristown, this stunning complex is moments away from essential amenities, including schools, cafes, and parks. The luxe, open-plan layouts offer expansive living spaces with entertainment areas, sophisticated kitchens with premium fittings, stylish bedrooms, and elegant bathrooms. On-site facilities include a BBQ area and open spaces, providing residents with a beautiful life balance where city convenience meets country tranquillity.
Montecute is an exceptional permanent MLR business in a prime location, making it an excellent choice for an established operator looking to expand their property portfolio.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $88,484 Remuneration / Body Corp Salary: $39,600
Complex Information
Complex Type: PermanentTotal Units in Complex: 33Total Units in Letting Pool: 23Lockup Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
1. Permanent management rights business in Toowoomba, Harristown on Drayton Road, offering city convenience with a quiet, country-adjacent setting.
2. Business-only sale, no real estate purchase required, supporting lower capital outlay for a buyer.
3. 25-year caretaking and letting agreement, full 25 years remaining, providing long-term income stability.
4. Net profit reported at $88,484, with additional remuneration/body corporate salary of $39,600.
5. Total complex of 33 units, with 23 units in the letting pool and 10 lockup units, indicating a balanced mix of managed and owner-occupied stock.
6. No set office hours, offering operational flexibility and potentially lower staffing or overhead requirements.
7. Strong tenant demand expected due to limited supply of new townhouses in the area, supporting occupancy and rental stability.
8. On-site resident facilities include a BBQ area and open spaces, enhancing lifestyle appeal and amenity-driven rentalability.
9. Luxe open-plan unit layouts with large living and entertainment areas, premium kitchens, stylish bedrooms and elegant bathrooms, supporting higher-end tenant targeting.
10. Located moments from schools, cafes and parks, increasing attractiveness to families and convenience-seeking tenants.
