UNBEATABLE OPPORTUNITY - DECEPTION BAY - ID 9103

$2,138,000

Permanent management rights, Deception Bay QLD

Permanent Management Rights For Sale

- A high-net permanent Management Rights portfolio that promises a secure and lucrative future.
- Three complexes, conveniently sharing adjoining boundaries.
- 145 townhouses with 45 of those making up the permanent letting pool.
- With no set office hours, you have the flexibility to manage your business and personal obligations with ease.
- A key advantage of this Management Rights portfolio is the streamlined management of maintenance duties. The current manager handles all maintenance duties, while additional contractors are employed for grounds keeping tasks during the summer months.
- Spacious and modern three-bedroom manager's residence. Boasting ample living space, 2.5 bathrooms, a well-equipped kitchen, covered outdoor area and backyard.
- A pet is permitted with Body Corporate approval.
- Deception Bay is a highly sought-after location, with strong rental demand and a steady influx of tenants.

This established business is the perfect investment for those seeking a profitable venture in the Management Rights industry. With long agreement terms remaining in place, you can rest assured that your income will remain stable and consistent.

Don't miss out on this incredible opportunity to own and operate a thriving Management Rights business in Deception Bay.

Net Profit: $299,690
Asking Price: $2,138,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $2,138,000
Net Income: $ 299,690 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 580,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.2
_{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: 45
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 60
_{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: 30
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 135
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 211,708
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 20 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Swimming pool

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 580,000
_{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: Yes
_{Can the manager own a pet on site?}

Unit Features: Single level residence, Three bedrooms, 2.5 bathrooms, Well appointed kitchen, Generous living area, Covered outdoor space, Double lock up garage, Office