Proudly supported by all of the industry's leading brokers
Priced to Sell! $103K Profit - No Office Hours, No Facilities @ Only 3.98x!!
Only 3.98x - $410K MR&$688k Unit = Total $1.09M
Permanent Management Rights, ACACIA RIDGE QLD
Priced to Sell! $103K Profit - No Office Hours, No Facilities @ Only 3.98x!!
Vendor retiring this is your chance to take over a rock-solid, ultra-manageable MLR business just minutes from Sunnybank!
This tightly held 37-townhouse complex (17 in the letting pool) delivers a verified $102,926 net profit p.a. with a $68,127 p.a. BC salary, all under a 20-year accommodation module with annual CPI increases. Even better? You're getting in at a 3.98x multipliera rare find in this location and condition.
Why Youll Love It:
- No fixed office hours total flexibility
- No common facilities to maintain
- No external letting agent saturation
- Minimal gardening = low workload
- Large 3-bed + study managers townhouse (convertible to 4-bed)
- Oversized backyard + 2 car spaces + dedicated office
Located in the high-demand Acacia Ridge catchment, you're just minutes from Sunnybank Plaza, Market Square, and Sunnybank Hills Shoppingtown. Excellent transport links, schools, and major roadsincluding the Logan Motorwaykeep everything within easy reach.
This is a prime opportunity for first-timers or semi-retirees chasing a low-stress, high-return lifestyle business.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: Only 3.98x - $410K MR&$688k Unit = Total $1.09M
- Net Income: $ 102,926
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 688,800
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?