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Business Only in the Heart of Springfield Net Over $350K
$2,080,000 - Business Only
Permanent Management Rights, SPRINGFIELD LAKES QLD
Ras360 Property Solutions proudly presents an exceptional Management Letting Rights (MLR) opportunity in Springfield Lakes, a suburb within Springfield, Australias fastest-growing city. This business boasts a high ROI of over 17% and a strong net profit the perfect combination for those seeking a lucrative and almost passive income!
Key Features:
Dependable Income: Secured by a reliable body corporate salary, ensuring consistent cash flow.
Minimal Workload: No communal facilities (such as gyms, pools, or BBQ areas) to manage.
Genuine Business-Only Structure: Offers flexibility and autonomy to the incoming operator.
Outstanding ROI: Enjoy over a 17% return on investment, with plenty of room for further growth.
No Onsite Residency or Set Office Hours: Enjoy personal freedom without the usual constraints.
Long-Term Stability: Comes with a 25-year caretaking and letting agreement, with over 22 years remaining, providing long-term security.
Benefits of Investing in Springfield:
Springfield is not only Australias fastest-growing city but also a thriving hub for economic and residential growth. It boasts excellent infrastructure, access to major transport links, and a diverse community, making it an ideal location for sustainable business growth. Investing here means positioning yourself in a city poised for continued expansion and development.
Vendor Testimonial:
"The Committee is the best I have ever worked with in my extensive tenure in the industry," says the current vendor, underscoring the supportive environment and excellent working relationships.
**Ras360 Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $2,080,000 - Business Only
- Net Income: $ 356,792
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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