STANDALONE MANAGER HOUSE with Minimal Workload

$1,188,000

Permanent management rights, Richlands QLD

Exceptional Opportunity: High Body Corporate Salary with Minimal Workload and STANDALONE MANAGER HOUSE 4 Bedrooms 2 Bathroom 2 Garages 620SQM

We are pleased to present an exceptional opportunity to acquire property management rights in the highly sought-after area of Richlands. This offering includes a substantial Body Corporate salary with minimal workload, providing an impressive annual income of nearly $130,000. The strategic location offers unparalleled convenience, being only a 3-minute drive from the Richlands shopping centre. The property boasts a low vacancy rate, ensuring ease of rental and consistent income.

Managers Residence: Modern Comfort and Spacious Living

This rare offering includes a standalone managers residence, featuring contemporary interior design and premium finishes. The residence comprises 4 spacious bedrooms, 2 well-appointed bathrooms, and a double garage. Equipped with central air conditioning, this home ensures year-round comfort. The managers residence also includes an expansive backyard, ideal for family living. This outdoor space is perfect for setting up a swing for children, planting fruits and vegetables, or simply enjoying the outdoors.

Prime Location: Convenience at Your Doorstep

The propertys prime location in Richlands offers unparalleled convenience. It is situated just a short drive from the Richlands shopping centre, providing easy access to a variety of retail, dining, and entertainment options. The proximity to key amenities enhances the attractiveness of this property, ensuring a low vacancy rate and high rental demand.

Investment Highlights:

High Income: Nearly $130,000 annual income with minimal workload.
Prime Location: Only 3 minutes by car to Richlands shopping centre.
Modern Residence: 4 bedrooms, 2 bathrooms, and 2-car garage with contemporary design and central air conditioning.
Spacious Backyard: Ideal for family activities, gardening, and leisure.
Low Vacancy Rate: Easy to rent due to high demand in the area.

This is a rare and valuable opportunity for investors seeking a lucrative and manageable property management venture. Dont miss out on the chance to combine a profitable investment with an exceptional quality of life.

For further details and to arrange a viewing, please contact us at your earliest convenience. This opportunity wont last long, so act quickly to secure this exceptional investment.

More Information

Financial Overview

Total Purchase Price: $1,188,000
Net Income: $ 94,226 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 748,000
_{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: 15
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 22
_{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: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 41
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 61,800
_{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: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 10 years
_{How long has the management rights existed.}

Office Hours: N/A
_{Required Office Hours}

Complex Features: Exceptional Opportunity: High Body Corporate Salary with Minimal WorkloadWe are pleased to present an exceptional opportunity to acquire property management rights in the highly sought-after area of Richlands. This offering includes a substantial Body Corporate salary with minimal workload, providing an impressive annual income of nearly \\$95,000. The strategic location offers unparalleled convenience, being only a 3-minute drive from the Richlands shopping centre. The property boasts a low vacancy rate, ensuring ease of rental and consistent income.

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 748,000
_{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: Managerâs Residence: Modern Comfort, Spacious Living, Standalone with 620sqm landThis rare offering includes a standalone managerâs residence, featuring contemporary interior design and premium finishes. The residence comprises 4 spacious bedrooms, 2 well-appointed bathrooms, and a double garage. Equipped with central air conditioning, this home ensures year-round comfort. The managerâs residence also includes an expansive backyard, ideal for family living. This outdoor space is perfect for setting up a swing for children, planting fruits and vegetables, or simply enjoying the outdoors.