No Onsite Living Required. Ideal First MR or Portfolio Add-On
Permanent Management Rights for Sale in Mango Hill, QLD — $1,499,000
Key facts
- Price
- $1,499,000
- Location
- Mango Hill, QLD 4509
- Type
- Permanent Management Rights
- Net income
- $156,392 (actual)
- Caretaking remuneration
- $117,180
- Units in letting pool
- 21
- Agreement term (years)
- 25
- Agreement remaining (years)
- 21
- Office hours
- No set office hour
- Bedrooms
- 3
- Bathrooms
- 2
- Car spaces
- 2
- Listed by
- Shine Realty
- Listing ID
- 21181555
- Last updated
- 2026-09-10
Description
With over 21 years remaining on the agreements, no onsite living requirement and no set office hours, this business is ideal for first-time buyers entering the industry or experienced operators looking to expand their portfolio.
The current net income is approximately $156,392, with Body Corporate remuneration of over $117,000 reviewed annually by CPI. In addition, the manager's residence is currently rented at $660 per week, generating an additional $34,320 per annum that is not included in the business income, increasing the actual annual return to approximately $190,000.
Key Features
• 21+ years remaining on agreements
• No onsite living requirement
• No office hours
• Net income approximately $156,392 + GST
• Additional rental income of $34,320 p.a. from manager's residence
• Actual annual income approximately $190,000
• CPI-linked remuneration reviews
• Easy-to-manage townhouse complex
• Ideal first management rights business
• Suitable as a portfolio add-on opportunity
Opportunities offering stable income, long agreements, additional rental return and no onsite living requirement are becoming increasingly difficult to find. For further information or to arrange an inspection, please contact the exclusive agent.
The current net income is approximately $156,392, with Body Corporate remuneration of over $117,000 reviewed annually by CPI. In addition, the manager's residence is currently rented at $660 per week, generating an additional $34,320 per annum that is not included in the business income, increasing the actual annual return to approximately $190,000.
Key Features
• 21+ years remaining on agreements
• No onsite living requirement
• No office hours
• Net income approximately $156,392 + GST
• Additional rental income of $34,320 p.a. from manager's residence
• Actual annual income approximately $190,000
• CPI-linked remuneration reviews
• Easy-to-manage townhouse complex
• Ideal first management rights business
• Suitable as a portfolio add-on opportunity
Opportunities offering stable income, long agreements, additional rental return and no onsite living requirement are becoming increasingly difficult to find. For further information or to arrange an inspection, please contact the exclusive agent.