Wulkuraka, Queensland

Exclusive - The Simplest Business Only in Ipswich - 8583B

$931,724

Business Description

Permanent Management Rights For Sale
Easily Handled by One Person in Spare Time

- Ultimate Flexibility: No requirement to purchase real estate or live onsite, and absolutely no office hours.

- Zero Facilities: No swimming pool, BBQ area, or complex gates to manage.

- Secure Agreement: 25-year agreement with 20 years remaining.

- Stable Salary: Large, stable body corporate salary of $75,138 plus GST, with annual CPI increases.

- Minimal Workload: Extremely easy caretaking duties, requiring only a few hours per week.

- High Net Profit: $176,747.

- Modern Complex: Newly built complex with very low maintenance requirements.

- Letting Pool: All permanent rentals featuring 36 in the letting pool, and 6 managed externally.

- Ideal Investment: An ideal second-income opportunity offering excellent flexibility.

A super simple Business Only opportunity - one you can’t afford to miss!

Net Profit: $176,747

Asking Price: $931,724

For further information or to arrange an inspection of this Ipswich Management Rights business for sale contact:

Management Rights Broker

Bill He

Property Code: 1223

Business Summary

Complex Information

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported net profit of $176,747 against an asking price of $931,724.
2. Body corporate salary of $75,138 plus GST includes annual CPI increases.
3. Management agreement has 20 years remaining on its original 25 year term.
4. No requirement to purchase real estate, live onsite or maintain office hours.
5. Easily handled by one person, with caretaking duties requiring only a few hours per week.
6. Newly built Ipswich complex has very low maintenance requirements.
7. No swimming pool, BBQ area or complex gates to maintain.
8. Permanent rental letting pool comprises 36 properties, with another six managed externally.
9. Flexible operation offers scope to earn a second income.