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[Near CBD | no onsite residence and no fixed office hours] salary accounts for 82% of total net income $ $340,000/year
$1,790,000
Permanent management rights, Moorooka QLD
Business Highlights
- High Body Corporate Salary: Annual salary of $280,000, representing 82% of net profit, offering a highly stable income structure.
- Salary increases annually in line with CPI, ensuring consistent growth.
- Total annual income: $389,000 Net profit: $340,000
- Purchase includes the business and a separately titled office:
* Business price: $1.67 million (multiplier: 4.88)
* Office price: $120,000
* Total price: $1.79 million
- high-yield investment opportunity.
Operational Advantages
- Caretaking agreement has no set office hours, no onsite residence requirement, and no gate or CCTV system - making the complex easy to manage.
- Body Corporate covers pool maintenance and part of the gardening costs, resulting in low workload.
Prime Location
- Only 7 km from Brisbane CBD
- Walking distance to bus stops, train station, schools, and parks
- Just a few minutes drive to major shopping centres
- Strong rental demand with zero vacancy rate
Key Information
Item Details
Module: Accommodation Module (long-term rentals)
Agreement Term: 25 years (remaining term TBA)
Building Type: Apartments & Townhouses
Building Age: Approx. 15 years
Total Units: TBA
Letting Pool 19 units
Amenities Swimming pool + gym
Pet PolicyPets allowed with Body Corporate approval
More Information
- Total Purchase Price: $1,790,000
- Net Income: $ 341,920
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 120,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.9
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?