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Prime Dual-Complex Management Rights Opportunityâ Windsor Heights&Kokoro Apartments
$575,000 - Business Only
Permanent Management Rights, LUTWYCHE QLD
Seize this rare chance to acquire the management rights to two premier complexes Kokoro Apartments and Windsor Heights located in prime, high-demand areas.
- Total Units: 50 across both complexes, with 26 in the letting pool.
- Annual Net Income: $123,184.
- Agreements: 17 years remaining on Windsor Heights, with extended terms for Kokoro.
- Inspection: By appointment only.
These complexes offer a steady, lucrative income stream from a well-managed letting pool. Situated in desirable locations, they enjoy strong occupancy rates. The properties feature easily maintainable gardens and grounds, adding to the appeal for tenants and reducing your management workload. With no real estate purchase required, your initial costs are low, and the absence of mandatory office hours provides flexibility. Windsor Heights also includes a small onsite office, should you wish to use it.
Part of a larger groups divestment strategy, this sale presents a genuine opportunity for investors looking to enter or expand in the management rights industry.
Opportunities like this dont come around often act now to secure a profitable, easily managed business with significant potential!
**Ras360 Experts in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $575,000 - Business Only
- Net Income: $ 123,184
(actual)
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