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Prime Opportunity in Richlands
$1,620,000
Permanent management rights, Richlands QLD
Heres your chance to own a highly profitable Management Rights business in the fast-developing suburb of Richlands, QLD. With a brand-new 25-year agreement in place, this business offers both long-term security and the flexibility to manage operations either onsite or remotely.
Highlights:
Outstanding Location & Accessibility: The area is surrounded by supermarkets, restaurants, gyms, fresh produce markets, and beautiful parklands, offering residents a vibrant lifestyle. Just a 4-minute drive brings you to primary schools and a major shopping centre.
Balanced Income & Lifestyle: Over 50% of the revenue comes from Body Corporate remuneration, with caretaking responsibilities easily managed by one person. This leaves room for the other partner to focus on the letting business, making it a perfect fit for couples or first-time business owners.
Spacious Managers Residence: The managers home features three generous bedrooms, a double lock-up garage, a large office, and a flexible multipurpose room that can be converted into a fourth bedroomideal for family living.
Strong Growth Potential: With Richlands undergoing rapid expansion, theres enormous potential to boost profitability in both the caretaking and letting sectors.
This is an exceptional opportunity for those seeking a reliable income with the freedom to enjoy a flexible lifestyle.
Act Fast! Contact Amy today on 8 for more information or to schedule a private viewing!
More Information
- Total Purchase Price: $1,620,000
- Net Income: $ 190,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.1
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?