$570K Net Profit with a Freestanding 4-Bedroom Managerâs Home a Rare Management Rights Opportunity

$4,230,000

Permanent Management Rights, TWEED HEADS SOUTH NSW

A Premium Management Rights Opportunity in a Thriving Residential Complex
Ras360 presents a highly desirable management rights opportunity in the heart of Tweed Heads South. This well-established and meticulously maintained permanent residential complex offers a stable income stream, an attractive caretaking agreement, and a beautiful freestanding 4-bedroom managers residence on its own block.
Caretaking & Letting Business Secure income with a long-term caretaking agreement in place, ensuring consistent revenue and minimal workload.
Strong Letting Pool 74 permanent rentals under management, with additional potential to grow.
Solid Net Profit The business generates a net profit of $570,778 per annum.
Body Corporate Salary $345,239 + GST per year, indexed to CPI, providing a secure baseline income.
Minimal Office Hours Flexible work arrangements with the ability to outsource tasks as required.
Caretaking Agreement
Term: 10 years, ensuring long-term security.
Duties: Basic upkeep of common areas, gardens, pool maintenance supervision, security monitoring, and overseeing contractors.
The Managers Residence:
A rare freestanding 4-bedroom home on its own block a unique and valuable feature in management rights.
Modern layout with spacious living areas, a private yard, and no shared walls, providing exceptional privacy and comfort.
No office hours required, allowing flexibility in operations.
The Complex at a Glance:
185 units in total, with a strong proportion under management.
Well-maintained facilities, including a swimming pool, gym, sauna, BBQ area, and function room.
A thriving community of owner-occupiers and long-term tenants.

More Information

Financial Overview

Total Purchase Price: $4,230,000
Net Income: $ 570,778 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,200,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.3
_{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: 74
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 104
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 7
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 185
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 345,239
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 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: None
_{Required Office Hours}

Complex Features: 0

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 1,200,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 4

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: