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Renovated, 5-Year Top-Up, $242k Net&No Office Hours at Only 4.95x!
4.95X - $1.2m MR + $1.18m Unit = Total $2.38M
Permanent Management Rights, EIGHT MILE PLAINS QLD
Renovated, 5-Year Top-Up, $242K Net & No Office Hours at Only 4.95x!
A Manager's Dream Complex - management rights package of 93 townhouses, with a 41-unit letting pool delivering $242,282 p.a. net profit and a $131,138 p.a. body-corp salary (over 50% net profit) under a 20-year accommodation module. The vendor will secure an additional 5-year top-up prior to settlement and will apply fresh wall paint and new carpets throughout the manager's renovated 4-bed standalone house just before handover.
Overlooking lush bushland in Eight Mile Plains and located just 12 km from Brisbane CBD, the complex is an easy stroll to Westfield Garden City, Brisbane Technology Park and a dedicated bikeway at the entrance. On-ramps to the Logan and Pacific Motorways connect you seamlessly to the airport, CBD and Gold Coast.
Residents enjoy resort-style amenitiessalt-water pool, BBQ area, gymnasium and landscaped gardenswhile you benefit from no fixed office hours, minimal maintenance and the ability to focus entirely on growing revenue.
This very rare standalone manager's home has been fully renovated with stylish floor tiles, a solar panel array and a whole-home water softening + filtration system. The versatile 4-bed, 2.5-bath layout includes an extra dedicated office, built-in robes and ceiling fans throughout. Comfort is assured with six split-system air conditionersone in each bedroom, the lounge and the officeand insulated ceilings. Downstairs, the fully tiled open-plan living/dining areafitted with reverse-cycle air conditioningflows onto a private courtyard and oversized backyard. The modern kitchen boasts a glass cooktop, stainless-steel oven, dishwasher, rangehood and insinkerator, while a separate powder room, laundry and secure 2-car garaging complete this exceptional on-site residence.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: 4.95X - $1.2m MR + $1.18m Unit = Total $2.38M
- Net Income: $ 242,282
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,188,888
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?