Exclusive - 15% Return on Investment - ID 9158

Low Multiplier 5.5 ROI 15%

Permanent management rights, Raceview QLD

UNDER CONTRACT
Thriving Suburb

Discover an exceptional management rights opportunity in a thriving suburb. This offering includes management rights to a well-maintained complex with a strong rental demand and efficient operations. With its close proximity to shops, schools, and other amenities, this investment promises solid returns and significant growth potential.

- Net Profit: $432,769
- Total Asking Price: $2,940,000
- Convenience: No requirement to live onsite
- Management Rights Agreement: 24 years remaining
- Large Letting Pool: Total Units: 104 townhouses with Letting Pool: 102 townhouses
- Operational Excellence: Efficient systems in place delivering high-quality service
- Low Maintenance: Well-maintained common areas designed for minimal upkeep
- Facilities Included: Gym and CCTV security system, enhancing tenant satisfaction
- Managers Unit: Large, modern 4-bedroom stand-alone townhouse with a spacious on-site office, air conditioning, double lock-up garage, private backyard, and covered patio area
- Flexible Management: No set office hours, offering flexibility in management approach
- Strong Relationships: Excellent rapport with the body corporate committee, fostering a collaborative environment

This is a unique opportunity to secure a high-return investment in a growing market. Ideal for investors seeking stable, long-term growth with minimal management demands.

Net Profit: $432,769
Asking Price: $2,940,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: Low Multiplier 5.5 ROI 15%
Net Income: $ 432,769 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 2,940,000
_{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.}

Letting Business

Letting Pool: 102
_{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: 104
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 130,000
_{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: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 1 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Gym, CCTV

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 2,940,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: The managerâs unit is a large, modern 4-bedroom stand-alone townhouse. It is thoughtfully designed with a spacious on-site office, multiple living spaces, air conditioning ducted, and a double lock-up garage. The private front and backyard and covered patio area provide ample outdoor space, making it a comfortable and convenient residence for the manager.