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GREAT HOME AND $100,000 PLUS PROFIT
$1,150,000
Permanent Management Rights, ORMEAU QLD
A rare opportunity to own the residential Management Rights to this well-maintained and easy-to-manage townhouse complex located between Brisbane and the Gold Coast. Perfect for a family or a single operator looking for a profitable, low-maintenance business with a great lifestyle balance.
Key Features:
Spacious Manager's Residence - Freestanding 4-bedroom, 2-bathroom home with a double garage and a dedicated office with a separate entrance. Enjoy a fully fenced large backyard, ideal for a family.
Straight-forward Caretaking duties and a boutique letting pool - Make this an ideal one-person business.
Secure Management Term - 23 Years remain on Management Agreements with a generous Body Corporate Salary of over $71,000 p.a. (Ex-GST).
Solid Financials and Low Costs - The Body Corporate covers all equipment and materials. Affordable Body Corporate levies ensure a profitable business model.
Supportive Community & Stability - Excellent relationship with the committee, with top-ups approved without issues.
Prime Location - Conveniently situated between Brisbane and the Gold Coast, close to schools, shopping centres, and amenities. The complex, built in 2012, offers a quiet and secure environment, ideal for an onsite management family lifestyle.
This is a fantastic opportunity to secure a stable income, whilst enjoying the benefits of a spacious home in a sought-after location.
More Information
- Total Purchase Price: $1,150,000
- Net Income: $ 102,058
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 720,000
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?