$98K Net Profit + additional $39K Rental Income Potential | Lucrative Management Rights in Manly
$430k MR + Unit $799k = Total $1.229M
Permanent Management Rights, MANLY QLD
Prime Management Rights Opportunity in Manly, Queensland
Seamless Blend of Coastal Lifestyle and Robust Income
Nestled in the vibrant bay side suburb of Manly, this management rights business presents an exceptional chance to secure a stable income while enjoying the coveted coastal lifestyle. Ideal for both newcomers and seasoned investors, this opportunity offers a modern private residence, impressive financial returns, and the flexibility to reside offsite, unlocking additional rental income.
Financial Highlights:
Net Profit: $98,500 per annum
Additional Income: Potential to lease the managers residence for over $750 weekly, equating to an extra $39,000 annually
Total ROI: Exceeds 11%
Property Details:
Complex Size: 34 units, with 16 currently in the letting pool
Agreements: 13 years remaining on a 15-year accommodation module
Managers Residence:
A contemporary two-story standalone home designed for comfortable coastal living or as a lucrative rental asset.
Upper Level: Master suite with ensuite, two additional bedrooms with built-in robes, and a family bathroom
Lower Level: Open-plan living and dining areas, sleek modern kitchen, and a convenient powder room
Additional Features: Secure lock-up garage, extra designated parking, and a recently updated interior for low-maintenance living
Unique Selling Points:
Flexible Living Options: No onsite living requirement; maintain availability 7 days a week while choosing your preferred residence
Income Diversification: Capitalize on high rental demand by leasing the managers residence
Strategic Location: Proximity to Manlys waterfront, boutique shops, gourmet cafes, and reputable schools
About Manly:
Just a 30-minute drive from Brisbanes CBD, Manly offers a unique blend of seaside charm and urban convenience. Enjoy waterfront markets, scenic esplanade walks, and a vibrant community atmosphere.
Why Invest Here?
Steady Income: Established business with solid financial returns
Lifestyle Flexibility: Option to live onsite or offsite
Growth Potential: Additional revenue streams from property leasing
Desirable Locale: Be part of a thriving coastal community
Dont miss this rare opportunity to combine a profitable business venture with an enviable lifestyle. Contact us today to arrange a viewing or to obtain more information.
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More Information
- Total Purchase Price: $430k MR + Unit $799k = Total $1.229M
- Net Income: $ 98,500
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 799,000
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
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?