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PRICED TO SELL-- MULTIPLE MANAGEMENT RIGHTS OPPORTUNITY | Deception Bay, QLD
$3,341,460
Permanent management rights, Deception Bay QLD
An outstanding opportunity to secure permanent management rights across four townhouse complexes located along the same street in Deception Bay. This well-established business delivers a strong and reliable net income of $460,653 per annum, with additional external letting income of approximately $11,500 per annum, further enhancing overall returns.
A key highlight is that over 80% of the net profit is derived from Body Corporate salaries, totalling $380,225 p.a. + GST, providing stability and low reliance on letting income.
The business benefits from long remaining agreement terms of 2124 years, offering a secure and sustainable income stream for years to come.
Business Highlights:
Friendly and supportive Body Corporate
40 units in the letting pool + 6 external lettings
Additional $11,500 p.a. income from external properties
Onsite staff handle the majority of the workload
Existing staff are willing to continue working with the new owner, ensuring a smooth transition
Minimal common area maintenance
3 swimming pools across the complexes
Managers Residence:
Only one residence to purchase
3 bedrooms, 2 bathrooms, 2-car garage
Attractively priced at $900,000
This structure enhances the overall return on investment, making it an appealing option for both experienced operators and newcomers to the industry.
Conveniently positioned with easy access to the M1 Motorway, and close to Westfield North Lakes, local rail services, and essential amenities.
More Information
- Total Purchase Price: $3,341,460
- Net Income: $ 472,153
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
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?