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Perfect for first time buyer
$1,637,305
Permanent management rights, Richlands QLD
Prime Location & Unmatched Convenience
Nestled in the rapidly growing suburb of Richlands, this MLR opportunity offers a perfect balance of lifestyle and investment potential. Ideally positioned within close proximity to:
Richlands Train Station Seamless connectivity to Brisbane CBD
Shopping & Dining Minutes from Richlands Plaza, Inala Plaza & Forest Lake Shopping Centre
Schools & Parks Easy access to quality education and green spaces
Major Transport Links Quick access to Centenary Highway & Ipswich Motorway
Outstanding Business Opportunity
Net Income: $184,397
Remuneration: $101,305
Golden Ratio: 50/50 mix of owner-occupiers and investors, ensuring a steady letting pool and stable returns
Brand-New 25-Year Agreement Secure long-term income and business growth
Flexibility & Lifestyle Choice
One of the key advantages of this opportunity is no requirement to live onsite! The manager can appoint a resident nominee, providing greater flexibility for those who prefer offsite management.
For those who choose to live onsite, the spacious managers residence is a premium 3-bedroom home featuring:
- Large Office & Multi-Purpose Room Perfect for business operations or additional living space
- Ideal for Families Generous layout offering comfort and convenience
This is a rare chance to secure a high-performing business in a booming location with strong future growth potential.
Contact agent today to secure this fantastic opportunity!
More Information
- Total Purchase Price: $1,637,305
- Net Income: $ 184,397
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 660,000
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?