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Exceptional MR in Booming Northern Corridor - Net Profit $566K @ 5.95x | Resort Brokers ID : MR008602
$4,100,080
Permanent Management Rights, Dakabin QLD
Offered to the market for the first time since its inception, this well-established permanent townhouse complex consists of 174 lots, with 111 in the letting pool, and generates a substantial net profit.
Managed by a two-person team with no stipulated office hours, the caretaking duties are highly manageable. The P&L includes provisions for contract gardening assistance, ensuring a smooth and profitable operation while allowing the new owner to focus on core income drivers - rentals and sales. There is also potential to increase revenue through repairs, maintenance, and provide internet services to residents.
Situated near major amenities, including Costco, IKEA, public transport, and schools, the complex benefits from high rental demand and consistently low vacancy rates, making it a highly attractive investment.
If you are a seasoned operator or syndicate looking to maximise returns enquire today!
- High net income - $566,400 net profit
- P&L prepared by industry accountant
- Modern complex, only 9 years old with manageable common grounds
- Long accommodation module agreements - 21.5 years remaining
- B/C salary of $249,496
- Well-established business with experienced managers& comprehensive handover
- High rental demand and low vacancy
- Huge free-standing manager's residence with 4 bedrooms, 2.5 baths, DLUG + dual office
- Fantastic community& supportive committee with only two members living on-site
- Inspections by appointment only
Date updated: 06 Mar 2025 22:00:02
More Information
- Total Purchase Price: $4,100,080
- Net Income: $ 566,400
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 730,000
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?