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1.97x Multiplier! Permanent MLR - Outstanding Investment Opportunity | Resort Brokers ID : MR008450
$800,000
Permanent Management Rights, CALAMVALE QLD
Dont miss this chance to secure a modern, well-maintained townhouse complex in the popular south side suburb of Calamvale. Ideal for families seeking a quality property with additional income, or for experienced operators looking for a low-maintenance side business. With minimal caretaking duties and a Body Corporate salary covering more than 86% of net profit, this management rights business offers both stability and potential for growth.
The Manager's Unit boasts three bedrooms, a large study (convertible into a fourth bedroom), two bathrooms, a double garage, and a separate spacious officewith its own entrance. The opportunity to increase income is clearby transitioning units currently managed by outside agents back into the onsite letting pool.
This complex operates under a 25-year Caretaking and Letting Agreement, with over 21 years remaining (successfully topped up). Whetheryou're a first-time buyer or a seasoned investor, this is an exciting and low-maintenance business with solid income prospects.
Reach out today to inquire and secure this unique opportunity before it's gone!
- Easy-to-manage operation with minimal caretaking responsibilities for a single operator.
- Strong Body Corporate salary covering over 86% of the total net profit.
Long-term agreement with 21 years remaining.
No set office hours.
Well-established complex with minimal caretaking; all maintenance equipment provided by the Body Corporate.
Manager’s unit includes three bedrooms, a large study, two bathrooms, a double garage, and a separate office on title.
Significant potential for income growth by bringing units managed by external agents back into the onsite letting pool.
Prime location, just a short drive to local amenities, boasting 100% occupancy and a long waitlist in a high-demand rental area.
Inspection available by appointment only.
Date updated: 22 Nov 2024 22:00:02
More Information
- Total Purchase Price: $800,000
- Net Income: $ 55,747
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 690,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?