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Rare Opportunity: Profitable Management Rights Business in Brisbane
$1,390,000
Caretaking management rights, Carina QLD
This permanent complex management rights business, located in a picturesque enclave of Brisbane's southern side and surrounded by parklands, offers an enviable family lifestyle that can be simply handled by one person and has enormous capacity to develop and add value.
The current manager has managed this complex for 12 years and is putting it up for sale for the first time. This is a rare caretaker-only business that generates consistent revenue. Buyers can receive a bonus by taking over the letting pool for free, or they can simply acquire the caretaker business.
The easily manageable complex has an in-ground swimming pool and tennis court.
There is a high demand for permanent accommodation and a tremendous chance to expand the rental pool.
The total number of dwellings is 91, including 5 in the letting pool.
Caretaking and letting agreements with 10 years remaining (Standard Module)
Generous corporate salary of $126,099.00.
Support body corporate committee.
Perfect work/life balance
Easy-to-manage caretaking duties
A highly attractive area for rentals.
Opportunity to make extra money through repair and maintenance.
A short way from retail centres, parks, and public transportation.
Excellent training and handover by the vendor.
Stand-alone low-set manager's unit with double garage, air-conditioned 3 bedroom 2 bath plus office on title.
TOTAL NUMBER OF UNITS : 91
UNITS IN LETTING POOL : 5
MANAGER'S RESIDENCE : 3 bed, 2 bath 2 garage plus office on title
Net Profit : $126,099.00 (exclusive letting business income $$$)
Managers Unit : $830,000
Management Rights : $560,000
Total Asking Price : $1,390,000
Contact Amy 0494 047 580 now for an on-site inspection.
More Information
- Total Purchase Price: $1,390,000
- Net Income: $ 126,099
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 830,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.4
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?