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Business Only in the Heart of Toowoomba $295,000 No Facilities
$295,000 - Business Only
Permanent Management Rights, HARRISTOWN QLD
Ras360 Property Solutions proudly presents Montecute, a business-only opportunity in Toowoomba, QLD. This 25-year Caretaking and Letting agreement comes with no set office hours and requires no real estate purchase.
Montecute boasts a letting pool of thirty-three units With a net profit of $88k, the MRL Business Only is available for $295k.
Montecute will attract strong tenant demand due to the area's limited supply of new townhouses. Located on Drayton Road, Harristown, this stunning complex is moments away from essential amenities, including schools, cafes, and parks. The luxe, open-plan layouts offer expansive living spaces with entertainment areas, sophisticated kitchens with premium fittings, stylish bedrooms, and elegant bathrooms. On-site facilities include a BBQ area and open spaces, providing residents with a beautiful life balance where city convenience meets country tranquillity.
Montecute is an exceptional permanent MLR business in a prime location, making it an excellent choice for an established operator looking to expand their property portfolio.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $295,000 - Business Only
- Net Income: $ 88,484
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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