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Low 4.2 Multiplier on Great $118k Nett Profit
MR $499k plus Unit $820k : $1.319M
Permanent Management Rights, MANLY WEST QLD
Business Only $499,000 | Net $118,000 | 10.4% ROI | 23 Years Remaining
A modern and secure gated complex in one of Brisbanes most in-demand bayside suburbs, Highland Ridge presents an outstanding opportunity to acquire a low-maintenance, business-only Management Rights with strong returns and capital growth potential.
With 23 years remaining on the Accommodation Module agreements, this is the perfect setup for first-time buyers, semi-retirees, or portfolio operators seeking reliable income without the need to live onsite.
At a Glance
Net Profit: $118,000 p.a.
Business Price: $499,000
ROI: 10.4%
Multiplier: 4.21x
Total Units in Complex: 42
Units in Letting Pool: 11 (plus 3 with outside agents)
Agreement Type: Accommodation Module
Agreement Term Remaining: 23 years
Managers Unit (Optional Purchase)
Price: $820,000
3 Bed | 2 Bath | Lock-Up Garage | Dedicated Office
This well-presented and spacious home is located within the secure complex and can be occupied or rented out, depending on your preference.
Why Manly West?
Minutes to Manly Boat Harbour, Moreton Bay, parks and cafs
Walk to schools, shops, and public transport
Easy access to the Gateway Motorway and Brisbane CBD
Strong rental demand and solid capital growth
Key Benefits
Business-only opportunity live onsite or off
Clean, low-maintenance operation
Potential to increase letting pool
Prime bay side location with consistent demand
Long-term agreements support bank lending
Contact Joel McCartin today for a detailed Information Memorandum or to arrange a private inspection.
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More Information
- Total Purchase Price: MR $499k plus Unit $820k : $1.319M
- Net Income: $ 118,434
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
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?