Permanent Letting in Highland Park - ID 9189

$1,150,000

Permanent management rights, Highland Park QLD

Permament Management Rights For Sale
No Requirement to Live Onsite

Looking for a secure and profitable management rights business? Look no further! This is a fantastic opportunity to own a well-established permanent management rights business in a tranquil bush setting, with the added benefit of no requirement to live onsite.

Key Features:

- Long agreements under the Accommodation Module
- 52 lot townhouse complex with 15 in the letting pool
- No set office hours enjoy flexibility
- Spacious 3 bedroom manager's residence, with an additional 4th bedroom from a garage conversion
- Double lock-up garage with an extra car space
- Quiet, peaceful setting close to schools and public transport
- Easy access to the M1 Motorway

This is a fantastic opportunity for newcomers to the management rights industry or experienced operators looking for a secure, low-maintenance business. Located in a serene environment with everything you need close by, it offers the perfect balance of work and lifestyle. Dont miss out on this incredible opportunity!

Net Profit: $132,380
Asking Price $1,150,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $1,150,000
Net Income: $ 132,000 (actual)
_{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: 3.4
_{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: 15
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 35
_{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: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 52
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 94,847
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 31 years
_{How long has the management rights existed.}

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

Complex Features: Swimming pool, BBQ, CCTV

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 700,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 3

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: This spacious home offers flexible living options and is perfect for those seeking both comfort and functionality. The property features 1 bathroom with 2 separate toilets, ensuring convenience for family living. A standout feature is the converted garage space, which now serves as a fourth bedroom, offering extra living space. Additionally, the managerâs office downstairs could easily be transformed into a potential 5th bedroom, complete with room for a single bed. The residence is air conditioned 2 units with ceiling fans in each of the bedrooms. There are also solar panels fitted to the residence. The home boasts a functional galley kitchen, equipped with a dishwasher, oven, hob, and rangehood. Upstairs, youâll find a well-appointed 2 way bathroom with access from both the hallway and the master bedroom, featuring a bath/shower combination and a European laundry. The toilet is separate for added convenience.The open-plan living and dining area flows seamlessly to a front, east-facing balcony, providing natural light and a perfect spot to enjoy the morning sun. At the back, a private outdoor entertainment area offers a peaceful retreat, complete with foundations for a veggie garden.