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Only 5.09x Low Maintenance Complex in Richlands
MR $1.1m + UNIT $848k = $1.95M
Permanent Management Rights, RICHLANDS QLD
Ras360 is pleased to present this standout 72-unit management rights opportunity a modern, high-quality complex purpose-built for operators who value simplicity, flexibility, and an easy day-to-day rhythm.
With no mandated office hours, incoming managers enjoy the freedom to run the business around their lifestyle whether that means more family time, semi-retirement, or continuing to grow other income streams alongside a stable and proven MLR operation. This is a rare opportunity where the business works for you, rather than demanding that you work around it.
The caretaking component is intentionally light and highly manageable, consisting mainly of 68 hours of gardening per week, routine inspections, and standard facility oversight. The workload is straightforward and repeatable, allowing the manager to work efficiently without the constant pressure or always on feeling that can come with many larger schemes. Much of the role is completed simply by moving through the complex and keeping everything running smoothly.
Onsite living further enhances day-to-day convenience, with a spacious 3-bedroom, 2-bathroom managers residence offering two car parks, a dedicated office, and an additional utility room. Ideally positioned for quick access to common property areas, the residence allows managers to respond to requests, meet contractors, and stay on top of the operation with minimal disruption all from the comfort of home.
Built in 2017, the complex remains modern, well-maintained, and supported by a proactive Body Corporate with strong systems and processes already established. With a CPI-indexed salary, long agreements running through to 2047, and a solid verified net profit of $216,288 @ a low multiple of 5.09x, this is a genuine set-and-run opportunity delivering both financial confidence and lifestyle appeal in one complete package.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: MR $1.1m + UNIT $848k = $1.95M
- Net Income: $ 216,288
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 848,000
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?