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High Income & Low Maintenance
$2,356,000
Permanent management rights, Bannockburn QLD
Great Location:
- Perfectly positioned midway between Brisbane and Gold Coast
- Easy access to the M1 motorway
- Close to local shopping centres, schools, and essential services
- Popular with tenants seeking affordability with convenience and potential to grow in rent.
Manager's Residence:
- Modern stand-alone 4-bedroom, 2-bathroom home includes a double lock-up garage, it's perfect for families or owner-operators
- Flexibility to appoint a representative to be onsite while retaining the spacious office of 36m with its own private restroom, offering convenience and versatility for the business owner.
Management Rights Business:
- Just 5 years old complex without any facilities to make the caretaking simple and efficient
- Net income of $297,426 per annum
- Suitable for first-time buyers with straightforward operations
- Majority investors complex with supportive Body Corporate and no committees members live onsite
- No set office hours
- 24 years agreement to 2049.
This is a great opportunity to acquire a high income, low maintenance management rights business with a modern, spacious home in a fast-growing corridor between Brisbane and Gold Coast. Whether you're entering the industry for the first time or seeking a lifestyle-friendly business with excellent returns, this one ticks all the boxes. Contact exclusive agent Celine today for further information or to arrange your inspection.
More Information
- Total Purchase Price: $2,356,000
- Net Income: $ 297,426
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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.
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?