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81% Salary Ratio | Low-Asset Model 21-Year Management Rights Business for Sale Suitable for Add-On or Individual Operation
$1,270,000
Permanent management rights, Hillcrest QLD
Business Highlights
Stable Agreement 21-Year Term
-Agreement successfully topped up in June this year
-Now secured with a 21-year management term
-The complex is well-maintained and easy to manage ideal for long-term ownership
Managers Residence + Exclusive Office Use
-Townhouse: 2 bedrooms, 1.5 bathrooms, plus a separate office
-Internal area: 78 sqm
-Priced at $520,000, representing 41% of total package qualifies as a low-asset model
-Currently rented out, generating $20,800/year (not included in net profit)
Stable Income Structure
-Net salary after tax: approx. $116,930/year, indexed annually by 3.5% or CPI (whichever is higher)
-Salary accounts for 81% of total income, offering strong stability and risk resistance
-Management of 20 long-term rental units generates $27,896/year
-Total net profit: approx. $144,826/year
Simple Complex Maintenance
-No swimming pool, no security gate, no gym, no tennis court
-Easy to manage suitable for individuals, couples, or add-on operations
-Current manager employs a resident to assist with onsite duties
-No Live Onsite Requirement
-Only requires a designated person to be present weekday afternoons (MonFri)
Convenient Location
-Close to M2 and M6 motorways
-Nearby shopping centres, primary and secondary schools
-Approx. 40 minutes to Brisbane CBD, 60 minutes to Gold Coast
Pricing Overview
Item Price
Business Price $750,000
Managers Residence $520,000
Total Package $1,270,000
DISCLAIMER
The agent gives notice that:
1. The figures and information disclosed in this Information Memorandum are provided by the vendor. All intending purchasers are to make their own enquiries and assessments as to the accuracy or otherwise of the information supplied by the vendor.
2. It must be noticed that agent has no access to full sets of accounts or legal documentation for verification purposes. No liability for the information will be accepted by the agent and parties should make their own investigations as to the accuracy of these figures and information.
More Information
- Total Purchase Price: $1,270,000
- Net Income: $ 144,826
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 520,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.2
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?