Prime Management Rights in Taringa - Body Corporate Salary 83% of Total Income! | Resort Brokers ID : MR008694

$1,830,967

Permanent Management Rights, Taringa QLD

ResortBrokers presents an excellent management rights business opportunity in a high rental demand suburb only 6 km from Brisbane CBD and in the catchment of Ironside State School and Indooroopilly State High. This permanent residential complex offers flexibility with no set office hours, nominee can reside onsite, a sizeable net profit coupled with multiple successfully topped-up agreements during the tenure of the current manager. These allow for a balanced lifestyle and are ideally suited for a single operator or a working couple.

Selling at an extremely competitive 3.5x multiplier along with a generous body corporate salary that is notably increased annually by CPI and CPI increase is capped by a minimum of 3% and a maximum of 5%.

This MLR opportunity won't last long. Call Jessie Shi 0422 935 428 today to book an inspection!

- Substantial Net Profit of circa $194k+ with topped-up agreements
- Strong body corporate salary - 83% of total income
- Flexibility of operation with no set office hours, and the nominee can reside
- Body Corporate salary increased by 3-5% pa
- Inspections are by appointment only
Date updated: 28 Apr 2025 23:00:02

More Information

Financial Overview

Total Purchase Price: $1,830,967
Net Income: $ 194,562 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,150,000
_{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: 10
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 51
_{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: 6
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 68
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 161,405
_{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: 9 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: No set office hours
_{Required Office Hours}

Complex Features: High quality complex facilities include; Secured entry, onsite management, foyer with 2 lifts, swimming pool, BBQ and covered outdoor area, sauna, gymnasium, function room with kitchenette, function room deck, basement car parking and open visitor car parking, locked mail rooms

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,150,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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

Pets: no
_{Can the manager own a pet on site?}

Unit Features: The Managers Lot (Lot 26) is a ground floor unit located within Building 2 and located towards the main entrance of the complex with a separate entry, providing 2 bedrooms, 2 bathrooms, 1 balcony and 3 courtyards.