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5 Year Top Up + Low 4.46X with No Office Hours, No Live Onsite + Very Very Simple Gardening!
4.46X @ $481k MR + $769k Unit = Total $1.25m
Permanent Management Rights, EIGHT MILE PLAINS QLD
5 Year Top Up + Low 4.46X with No Office Hours, No Live Onsite + Very Very Simple Gardening!
Boasting a net profit of $107,982 per annum and a generous bodycorporate salary of $72,464.81, this easy to run investment opportunity is offered at just a rare 4.46 multiple a standout value in todays market. Set within a meticulously maintained, lowupkeep secure gated complex of 45 units with a beautiful tennis court & pool, caretaking duties are very minimal, very low garden maintenance allows you to enjoy true worklife flexibility with no fixed office hours.
Your homeandincome asset features an oversized expansive 328sqm managers residence: a spacious 3bedroom, 2bathroom, 2car unit complete with a converted second garage perfectly configured as a bright, dedicated home office. Ten units currently sit in the letting pool, delivering stable cash flow from day one while high barriers to entry underpin strong capital growth potential.
Ideally located in Eight Mile Plains, this complex sits within the coveted MacGregor State High School catchment and is mere steps from Garden City Shopping Centres retail, dining, and entertainment precinct. Immediate access to the Pacific Motorway means Brisbane CBD is just 10 minutes away and the airport 15 minutes. Close proximity to Griffith University Nathan campus, QEII Hospital, major employment hubs (Tech Park, Sunnybank), public transport interchanges, parks, and walking trails further cement this as the ultimate lowmaintenance, highreturn lifestyle investment.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: 4.46X @ $481k MR + $769k Unit = Total $1.25m
- Net Income: $ 107,982
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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