Permanent Management Rights For Sale - Lutwyche Area Brisbane Exclusive

$2,450,000

Permanent management rights, Lutwyche QLD

SIRE presents a unique opportunity ideal for both new and seasoned operators to acquire a modern and well-established MLR, offering a seamless blend of great ROI and simplicity in its operations. Located in a prime area close to all essential amenities.

Enjoy the serenity of more free time with minimal duties, only 1 BBQ, and no set office hours allowing for a flexible lifestyle.

Benefit from a well-located manager's residence with high ceiling, 3 beds, 2.5 bath, plenty of parking and large private courtyard.

Secure financial stability with a solid Body Corporate salary of $176,034 + GST per year, complemented by a verified net profit of $301,151 + GST per annum.
The business framework is supported by 25-year Accommodation module agreements, with 22+ years still to run, providing a long-term perspective for business growth.

Opportunity to enhance your income by offering cleaning, repair and maintenance to the owners and expanding the letting pool, currently standing at 64.

Operations are efficiently managed by a part-time husband and wife team, illustrating the manageable nature of the workload.

Business indictive: Expressions Of Interest
Manager's Residence at bank valuation, call 0404331310 for indictive price.

This offering not only assures a manageable and straightforward business operation as an opportunity not to be missed for those seeking to balance professional success with ease and quality of life.

More Information

Financial Overview

Total Purchase Price: $2,450,000
Net Income: $ 301,151 (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.}

Letting Business

Letting Pool: 64
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 118
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 176,034
_{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: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: None
_{Required Office Hours}

Complex Features: Very low maintenance modern apartments, 20% of the apartments are 1 bedroom, 80% of the units are 2 bedrooms, Minimal facilities with only a BBQ, No hedges, Limited gardening, Convenient location, Close to schools - shops - train - bus and motorways