Exclusive - Dual Complex Management Rights Near Sunnybank - ID 9159

$4,990,000

Permanent management rights, Algester QLD

Permanent Management Rights For Sale
Exceptional Investment Opportunity

Discover an exceptional management rights investment offering high returns and long-term growth potential. Located close to the vibrant suburb of Sunnybank, this opportunity includes two well-maintained complexes with a proven track record of strong rental demand and efficient operations. These management rights come with secure agreements and a great relationship with the body corporate committees, ensuring smooth and effective management.

- Combined Net Profit: $721,465
- Total Asking Price: $4,990,000
- Large Letting Pool (164 townhouses): Complex 1: 148 townhouses and Complex 2: 18 townhouses
- Operational Efficiency: Established systems delivering quality service with minimal hassle
- Long-Term Stability: Secure agreements with 23 and 25 years remaining
- Strong Relationships: Excellent rapport with body corporate committees, fostering a collaborative environment
- Low Maintenance: Well-presented common areas designed for minimal upkeep, ensuring ease of management
- Facilities Included: Pool, gym, and CCTV security system, enhancing tenant satisfaction
- Managers Unit: Large, modern 4-bedroom stand-alone townhouse with spacious office, double garage, front and back yards, and covered patio area
- No Set Office Hours: Offering flexibility for a hands-on or supervisory management approach

This is a rare chance to secure a high-yield asset in a sought-after location, with stable and long-term growth prospects. Ideal for investors seeking a quality addition to their portfolio in one of Queensland's most promising markets.

Net Profit: $721,465
Asking Price: $4,990,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $4,990,000
Net Income: $ 721,465 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.9
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 166
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 4
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 9
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 179
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 256,993
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: 4 bedroom stand alone townhouse designed for comfort and convenience, 2 spacious on site offices, multiple living spaces, double lock up garage, air conditioned, both front and back yards, covered patio