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Over $350k Net Business Only in Fringe Brisbane
$2,080,000 - Business Only
Permanent Management Rights, SPRINGFIELD LAKES QLD
Ras360 Property Solutions is excited to present a distinguished Management Letting Rights (MLR) opportunity in Springfield Lakes, a prominent suburb within the rapidly expanding Greater Springfield area. This venture offers an impressive return on investment exceeding 17%, coupled with a robust net profit, making it an ideal choice for those seeking a profitable and low-maintenance business endeavour.
Key Advantages:
Reliable Revenue Stream: Benefit from a consistent body corporate salary, ensuring steady income.
Low Maintenance Obligations: With no communal amenities such as pools, gyms, or barbecue areas to oversee, the workload is significantly reduced.
Pure Business Model: This structure provides the incoming operator with flexibility and independence.
Exceptional ROI: Achieve a return on investment surpassing 17%, with substantial potential for future growth.
Freedom from Onsite Residency and Fixed Office Hours: Enjoy personal autonomy without the typical constraints associated with such roles.
Long-Term Security: The opportunity includes a 25-year caretaking and letting agreement, with more than 22 years remaining, ensuring stability
Investing in Springfield Lakes:
Springfield Lakes stands as the largest master-planned residential development in the southern hemisphere, strategically positioned between Brisbane and Ipswich in South East Queensland's Western Growth Corridor. Initiated in 2000, the suburb has matured into a well-serviced community boasting excellent infrastructure and a comprehensive range of amenities.
Vendor's Perspective:
The current operator highlights the exceptional support and positive working relationship with the Committee, describing it as "the best I have ever worked with in my extensive tenure in the industry." This endorsement underscores the collaborative and supportive environment that accompanies this opportunity.
This Management Letting Rights opportunity in Springfield Lakes offers a compelling blend of profitability, flexibility, and long-term security, set within a thriving and strategically located community.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $2,080,000 - Business Only
- Net Income: $ 356,000
(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