Once-in-a-Generation Opportunityâ First Time Available in 20 Years!

$295K MR&$745K Unit = Total $1.04M

Permanent Management Rights, SPRINGWOOD QLD

For the first time in 20 years, this well-established townhouse complex is available for purchase as the current manager prepares for retirement. Well priced for a quick sale, this property offers both a comfortable lifestyle and a solid investment opportunity.

The complex is located in a prime position, conveniently close to shopping centres, schools, and public transport, making it highly desirable for families and tenants alike. The managers residence is a spacious family-sized townhouse featuring 4 bedrooms, 1 bathroom (2 way access), 3 separate toilets, 2-car parking, and an office on title, plus a separate activity room. Its perfect for a growing family or for those who want extra space while managing the complex.

Running the complex is an easy task, handled by just one person with plenty of spare time left over, making it an ideal opportunity for those seeking a low-stress management role. The Body Corporate is known for being very friendly, and theyve just extended the management agreement to 24 years, providing excellent security for the new owner.
This is a rare opportunity to acquire a well-managed, long-term investment in a great location. Dont miss outcome and see the potential for yourself!

**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

More Information

Financial Overview

Total Purchase Price: $295K MR&$745K Unit = Total $1.04M
Net Income: $ 71,578 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 745,000
_{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: 13
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 13
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 8
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 34
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 55,753
_{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: 0 years
_{How long has the management rights existed.}

Office Hours: Nil
_{Required Office Hours}

Complex Features: This is a well run complex and easy to maintain only one person needed There is a huge amount of repairs and maintenance if you wish to do it. Current owners have not included any in the P&L.0