Robust 15% ROI on $285K Net Profit Permanent MLR | Resort Brokers ID : MR008007
$1,825,000
Permanent Management Rights, Slacks Creek QLD
ResortBrokers presents an enticing opportunity to acquire the management rights of two low-maintenance permanent townhouse complexes. One of which is a small easy to care caretaking-only MLR (standard module) with solely body corporate remuneration and no requirement to purchase any real estate. The main complex (accommodation module) is beautifully maintained and consists of a manager's unit plus a separate stand-alone office and storage room which all are on title. This is a perfect opportunity for an individual or a family to procure and live in a peaceful complex while enjoying the convenience of managing a lucrative business that offers more than 15.6% return on investment.
P&L prepared by professional industry specialist accountant showing a strong combined net profit of $285,598.
One of the key highlights of this opportunity is the flexibility it offers. The two complexes are within very close proximity - only 8 minutes apart. There are no set office hours, allowing the incoming operator to enjoy the freedom and flexibility to suit their circumstances in how they operate this business over time.
The current manager has been managing this complex for 10 years and is planning for a well-deserved retirement.
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Long agreement terms - 24+ years
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Separate stand alone office with No set office hours
- Clean P&L prepared by industry professional accountant
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Excellent body corporate relations
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Strong and consistent letting pool
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Located in highly sought-after Southside area with high rental demand
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Suitable for either first time buyer or experience operator as add-on to their existing portfolio
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Property inspections are strictly by appointment only
Date updated: 28 Apr 2024 23:00:04
More Information
- Total Purchase Price: $1,825,000
- Net Income: $ 285,598
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 455,000
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?