Profitable&Flexible. Management Rights - Manly West and Tingalpa - $167k net | Resort Brokers ID : MR008027
$1,495,000
Permanent Management Rights, Tingalpa QLD
ResortBrokers is proud to introduce a rare business opportunity in the sought-after bayside areas of Tingalpa and Manly West. This profitable Management Rights business allows for off-site residence and flexible working hours, providing investors with practical freedom.
With a notable net profit of $167,694, this opportunity is well-suited for a dynamic two-person team or efficient management operation. A gated community at the larger complex adds an extra layer of security, ensuring peace of mind for both the manager and residents.
Long-term accommodation module agreements spanning 23 and 22 years, ensure stability and prolonged success. The robust and stable letting pool, managing 26 out of 50 units, speaks to the high level of trust and satisfaction among residents. The option to rent out the manager's unit (no requirement to live onsite or maintain office hours) yields an additional $31k annually, whilst enhancing overall profitability and flexibility.
Nearby premier schools in Brisbane, these businesses attract families seeking quality education, enhancing the appeal for both managers and tenants. The management rights to this business represent a compelling and profitable business opportunity. Seize this chance for a secure business opportunity with no on-site living requirements, strong financial returns, and a prime location an opportunity not to be overlooked.
- Flexible business model with no on-site living or office hour requirements
- Profitable venture with net earnings circa $167k, suitable for a couple or under management
- Secure investment in a gated community with a solid business-only add-on
- Long-term stability ensured by 23 and 22-year accommodation module agreements
- Additional income stream from a manager's unit rented at $600 per week
- Reliable letting pool with 26 out of 50 units under management
- Prime location near top Brisbane schools in the sought-after bayside suburb of Tingalpa
- Inspections are by appointment
Date updated: 21 Apr 2024 23:00:06
More Information
- Total Purchase Price: $1,495,000
- Net Income: $ 167,694
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 620,000
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?