Spacious Townhouse Living with a Profitable Management Opportunity in a Prime Location

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

Permanent Management Rights, SPRINGWOOD QLD

Rare Management Rights Opportunity First Time on the Market in 20 Years
Step into a fantastic lifestyle and investment opportunity with this well-established townhouse complex, now available for purchase as the current manager prepares for retirement. Priced competitively for a quick sale, this property offers the perfect balance of a comfortable home and steady income.

Prime Location
Nestled in a sought-after area, the complex is conveniently located near shopping centers, schools, and public transport, making it highly appealing to families and tenants alike.

Managers Residence
Enjoy the comfort of a spacious, family-friendly townhouse that includes:

4 Bedrooms: Perfect for a growing family or those who value extra space.
1 Bathroom with Two-Way Access: Adding convenience and functionality.
3 Separate Toilets: Ideal for family living or entertaining guests.
2-Car Parking: Plus an office on title for seamless management.
Bonus Activity Room: Additional space for recreation, hobbies, or work.
Easy-to-Run Complex
This low-maintenance complex is efficiently managed by one person, leaving plenty of free time to enjoy life. The friendly Body Corporate adds to the ease of operations, and with the management agreement recently extended to 24 years, the new owner can enjoy long-term security.

Why This is a Must-See
Turnkey Opportunity: A well-established complex ready for new management.
Secure Investment: Long-term agreements and a steady rental demand.
Ideal for Families: Spacious managers residence designed for comfortable living.
Low-Stress Role: Easy-to-run operation with supportive Body Corporate.
Dont miss this rare chance to own a proven management rights business in a prime location. Discover the potential for yourselfcontact us today to arrange an inspection!

**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