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No Onsite Requirement with around $500,000 Net Income Opportunity
$3,489,000
Permanent management rights, Mango Hill Queensland
This opportunity comprises two residential townhouse complexes offered as one combined management rights transaction. The business includes caretaking and letting income streams across both schemes, with the requirement to purchase only one managers residential unit.
There is NO onsite requirement, providing flexibility for owner-operators or investors. Current rent is $660 per week (nearly $35,000 per year), is not including in the net income. The actual income will be over half million. The combined structure delivers economies of scale, simplified operations, and long-term agreement security across both communities.
Key Features:
Two nearby complexes deliver economies of scale over 500k net income per year
Only one managers unit required to be purchased for the combined operation
No onsite residency requirement (current rent $660 per week)
Approximately 15 minutes drive between the two schemes
Over 21 years long-term agreements providing operational security
Well suited to experienced operators or investors seeking scalable, low-complexity management rights
Contact the exclusive agent today to obtain the full Information Memorandum and further investigate this attractive opportunity.
More Information
- Total Purchase Price: $3,489,000
- Net Income: $ 471,862
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 799,000
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?