Tweed Heads South, New South Wales
$570K Net Profit with a Freestanding 4-Bedroom Manager’s Home a Rare Management Rights Opportunity
$4,230,000
Business Description
A Premium Management Rights Opportunity in a Thriving Residential Complex
Ras360 presents a highly desirable management rights opportunity in the heart of Tweed Heads South. This well-established and meticulously maintained permanent residential complex offers a stable income stream, an attractive caretaking agreement, and a beautiful freestanding 4-bedroom manager’s residence on its own block.
✔ Caretaking & Letting Business – Secure income with a long-term caretaking agreement in place, ensuring consistent revenue and minimal workload.
✔ Strong Letting Pool – 74 permanent rentals under management, with additional potential to grow.
✔ Solid Net Profit – The business generates a net profit of $570,778 per annum.
✔ Body Corporate Salary – $345,239 + GST per year, indexed to CPI, providing a secure baseline income.
✔ Minimal Office Hours – Flexible work arrangements with the ability to outsource tasks as required.
Caretaking Agreement
• Term: 10 years, ensuring long-term security.
• Duties: Basic upkeep of common areas, gardens, pool maintenance supervision, security monitoring, and overseeing contractors.
The Manager’s Residence:
• A rare freestanding 4-bedroom home on its own block – a unique and valuable feature in management rights.
• Modern layout with spacious living areas, a private yard, and no shared walls, providing exceptional privacy and comfort.
• No office hours required, allowing flexibility in operations.
The Complex at a Glance:
• 185 units in total, with a strong proportion under management.
• Well-maintained facilities, including a swimming pool, gym, sauna, BBQ area, and function room.
• A thriving community of owner-occupiers and long-term tenants.
Business Summary
Business Snapshot
Price: $4,230,000
Net Profit: $570,778 Remuneration / Body Corp Salary: $345,239
Managers Unit
Value of Managers Apartment: $1,200,000Bedrooms: 4Bathrooms: 2Car Spaces: 4Complex Information
Complex Type: PermanentTotal Units in Complex: 185Total Units in Letting Pool: 74Owner Occupy Units: 104Outside Agent Units: 7Agreement Term: 10 yearsAgreement Term Remaining: 10 years
Key Investment Insights
Key Insights:
1. Highly desirable management rights opportunity in a thriving residential complex.
2. Stable income stream with a long-term caretaking agreement in place.
3. Strong letting pool with potential for growth.
4. Solid net profit of $570,778 per annum.
5. Body corporate salary of $345,239 + GST per year, providing a secure baseline income.
6. Minimal office hours and ability to outsource tasks.
7. 10-year caretaking agreement for long-term security.
8. Freestanding 4-bedroom manager's residence on its own block, a unique and valuable feature.
9. Well-maintained facilities including a swimming pool, gym, sauna, BBQ area, and function room.
10. Thriving community of owner-occupiers and long-term tenants.
11. Energy rating of 5.
Management Rights Multiplier: 5.31
ROI Estimate: 18.84%
