High Net Business Only With No Facilities
$2,230,000
Permanent Management Rights, SPRINGFIELD QLD
RAS360 introduces a high-yielding, business-exclusive MLR opportunity in Springfield Lakes. It features a genuine business-only structure, providing the incoming operator with the freedom and flexibility to adapt to their circumstances.
This opportunity delivers a solid net profit with an impressive ROI of over 15.9%, bolstered by a dependable body corporate salary. It involves straightforward caretaking responsibilities, with no communal facilities such as gyms, pools, and BBQ areas. Your primary responsibility is the lawn maintenance in front of the townhomes, which is currently outsourced and can be continued with the new buyer, making this a compelling business opportunity with exceptionally low workload.
This business offers a robust return on investment with potential for further growth, making it an outstanding opportunity for any discerning buyer.
- No requirement to reside onsite and no set office hours.
- No communal facilities.
- Strong combined net profit supported by a reliable body corporate salary, ensuring a solid ROI of over 15.9%.
- Manageable caretaking duties and a 25-year caretaking and letting agreement with over 22 years remaining, providing investment longevity and stability.
- The current vendor stated that "The Committee is the best he has ever worked with in his extensive tenure in the industry."
- This is unequivocally the best management right for sale today "Full Stop"
More Information
- Total Purchase Price: $2,230,000
- Net Income: $ 356,792
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 6.3
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.
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?