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Present All Offers - High Netting MR - ID 9143
$4,400,000
Permanent management rights, Greater Ipswich Region
Permanent Management Rights For Sale
Unlock a prestigious investment with this newly developed premier management rights opportunity nestled in the rapidly growing city of Ipswich. This property offers discerning investors or owner operators a compelling package of lucrative features and strategic advantages.
Key Features:
Impressive Financial Performance:
- Annual Net Profit: $558,778
- Substantial Body Corporate Salary: Around $250,000
- Manage a high-quality permanent letting pool of 160 out of 182 units, ensuring consistent rental income and high occupancy rate
Operational Flexibility:
- No requirement to live on-site
- No mandated office hours
- Office can be locked off and accessed externally, allowing the residence to be rented out for additional income
Luxurious Living
- Architecturally designed four-bedroom, standalone managers residence offering a total living area of 169 square meters.
- Attached office space
- Live onsite in luxury or rent out the residence for $650-$700 per week (Approx $35,000 additional annual income)
This management rights opportunity in Ipswich presents an exceptional chance to acquire a highly profitable business in a thriving location. With impressive financial returns, a prime location, and modern amenities, this property is perfect for investors/owner operators seeking strong, reliable returns and operational ease.
Don't miss out on this premier investment opportunity! Contact us today to learn more and secure your future with this prestigious property.
Net Profit: $558,778
Asking Price: $4,400,000 - Present All Offers
(Inclusive of manager's real estate)
If this unique opportunity interests you and you would like to know more please enquire, more information is available and an inspection can be arranged by appointment only.
More Information
- Total Purchase Price: $4,400,000
- Net Income: $ 558,778
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 6.6
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?