High NETT income at a realistic multiplier

$2.76M MR&$570K Unit = Total $3.33M

Permanent Management Rights, DINMORE QLD

Discover a remarkable opportunity with this large management rights complex in the western suburbs, boasting substantial income potential and ease of operation. Located just 15 minutes from Ipswich central and minutes from Redbank Plaza and Costco, this property is conveniently positioned with a bus stop at the front door and a park-and-ride railway station within a five-minute walk.

The complex features 3-bedroom, 2-bathroom townhouses, each with a single lock-up garage and an additional vehicle space. The spacious manager's unit offers a double lock-up garage, extra parking, and is fully air-conditioned with ceiling fans throughout. With rents rising at every lease renewal and a healthy Body Corporate salary that adjusts with CPI, the financial outlook is strong.

The total purchase price for this venture is $3,330,000, with a net income of $503,339, representing the business's income after expenses, before tax. The included real estate is valued at $570,000. The caretaking agreement spans 24 years with no on-site living requirement, allowing flexibility for owners to rent out their units for additional income. The strong and stable letting pool of 11 units out of a total in the complex.

The property is easy to manage, with grounds maintained by a ride-on mower and whipper snipper, and all equipment provided by the Body Corporate. There is also a separate single lock-up garage for equipment storage, with potential for additional built-in space. With a large sinking fund budget and the possibility of acquiring units currently managed by outside agents, this opportunity is not to be missed.

Nathan Eades on 0448 339920

**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

More Information

Financial Overview

Total Purchase Price: $2.76M MR&$570K Unit = Total $3.33M
Net Income: $ 503,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 570,000
_{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.}

Letting Business

Letting Pool: 111
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 19
_{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: 16
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 146
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 220,490
_{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: 24 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: Nil
_{Required Office Hours}

Complex Features: Low-maintenance grounds, easily managed with a ride-on mower and whipper snipper, with all equipment and consumables provided by the Body Corporate. Spray weeding is handled as needed, and there are no facilities to maintain. Includes a separate single lock-up garage for equipment storage, plus an adjacent area that could be enclosed for additional space, currently used to house a 1,100-litre skip bin for the manager's use. A substantial sinking fund is in place, and there is no requirement to live on-siteâoffering the option to rent out the unit for additional income0