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Double Delight - 2 x Complexes, 2 minutes apart
$595,000
Permanent Management Rights, REDCLIFFE QLD
With Immediate availability, this is a rare chance to acquire two Management Rights located just two minutes apart in the sought-after coastal suburb of Redcliffe. Offering flexibility, low-maintenance duties, and solid returns, this package is ideal for those looking to expand their current portfolio or enter the industry with minimal overhead.
The combined total income is approximately $118,000, with an additional $8,019 generated from managing three external rental properties in the local area. This extra income stream is included in the sale and contributes to the overall value, which presents excellent value for a motivated buyer.
Each complex is simple to manage and well-kept, with only basic facilities including a recreation room and a pool. The caretaking responsibilities are minimal, requiring less than one day per week across both sites, making this one of the most time-efficient Management Rights offerings currently on the market.
Whether you're an existing manager looking to grow your portfolio or a newcomer seeking an easy entry point with strong income potential, this dual-complex package is well worth your consideration. Opportunities like this in Redcliffe are seldom availabledon't miss your chance to secure a high-yield, low-effort investment in a vibrant and growing area.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $595,000
- Net Income: $ 118,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.0
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