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Strong Nett Profit$118k delivering ROI 10.4%
$499K MR$820k Unit = Total $1.319M
Permanent Management Rights, MANLY WEST QLD
Nett Profit $118,000
Business Price: $499,000 (4.21x Multiplier)
Manager's Residence: $820,000 (3 Bed | 2 Bath | Lock-Up Garage | Office)
ROI: 10.4%
Total Units: 42 | Units in Letting Pool: 11
Why Highland Ridge?
Highland Ridge offers an outstanding management rights opportunity in the heart of Manly West, one of Brisbanes most desirable family-friendly suburbs. With a stable letting pool of 11 units (with another 3 with outside agents), strong rental demand, and a solid 10.4% ROI, this business provides a low-maintenance, high-return investment. The modern three-bedroom managers residence, complete with a lock-up garage and dedicated office, ensures both comfort and convenience, making it an ideal choice for those looking to combine lifestyle with income.
Highland Ridge offers long-term security with a 23 years remaining on the 25 Accommodation Module, well-maintained amenities including a swimming pool and BBQ area, and a prime location just minutes from Manly Boat Harbour, shopping precincts, and top-rated schools. With the Brisbane CBD less than 30 minutes away, easy access to the Gateway Motorway, and strong demand for rental properties in the area, this is a rare opportunity to secure a thriving business in a high-growth location.
Investment Highlights:
Stable Income A well-established business with consistent rental returns
Desirable Lifestyle Spacious, modern managers residence in a secure complex
Growth Potential Prime location in a growing, high-demand suburb
Ease of Management Low-maintenance business, perfect for first-time operators or experienced investors
Contact Joel McCartin today to learn more or arrange a viewing!
| 0407 834 425
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $499K MR$820k Unit = Total $1.319M
- Net Income: $ 118,434
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
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?