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Retiring Seller - $104k Profit in Prime Ipswich Locale, Minimal Duties + 5 Year Top Up In Motion!
Retiring Seller - $451K MR + $598K Unit = Total $1.049M
Permanent Management Rights, BRASSALL QLD
Retiring Seller - $104k Profit in Prime Ipswich Locale, Minimal Duties + 5 Year Top Up In Motion!
This established management rights package of 68 townhouses delivers a verified $104,349 p.a. net profit alongside a $102,635 p.a. body-corp salary under an 18-year accommodation module. A 5-year top-up motion has been submittedensuring security through to 2048 for the incoming manager.
With only a 6-unit in-house letting pool currently generating income and 15 additional units managed externally, theres huge upside to recapture those lettings and rapidly boost your commission base.
With only 10 am2 pm on-site hours (MonFri) and no live-in requirement, youll enjoy genuine flexibility to focus on growing returns.
The complex sits minutes from Brassall Shopping Centre, just a 10-minute drive to Ipswich CBD, and ~45 minutes to Brisbane via the Ipswich and Warrego Motorways. Frequent bus services run along Brassall Street, and the Brisbane Valley Rail Trail bike path is right at your doorstep, enhancing resident appeal and simplifying guest access.
Residents delight in resort-style pool and BBQ facilities set amongst low-maintenance landscaped gardens, while you benefit from straightforward operationsno gym, minimal gardening and a tight-knit letting pool thats easy to manage.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: Retiring Seller - $451K MR + $598K Unit = Total $1.049M
- Net Income: $ 104,349
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 598,000
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?