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A Low Maintenance Business with High Lifestyle Freedom
MR $1.15m + UNIT $798k = $1.95M
Permanent Management Rights, RICHLANDS QLD
Ras360 is pleased to present this stand out 72 unit complex, management rights opportunity designed for simplicity, flexibility, and ease of operation. With no mandated office hours, incoming managers have complete freedom to structure their days as they choose. This makes the business particularly appealing for those balancing family life, semi-retirement plans, or a desire to scale other income streams alongside a stable MLR income.
The caretaking demands are intentionally light68 hours of gardening per week, routine inspections, and standard facility oversightallowing managers to complete most tasks without pressure or time constraints. Many daily responsibilities can be handled efficiently while simply moving around the complex, ensuring work rarely feels like work.
Living onsite in the spacious 3-bed, 2-bath managers residence with 2 car parks, a dedicated office, and an additional utility room further enhances the ease of operation. The unit is positioned perfectly for quick access to all common property areas, making it effortless to respond to inquiries, meet contractors, or attend to simple caretaking tasks without leaving home.
The complex itself is modern (built in 2017), well-maintained, and supported by a proactive body corporate with strong processes already in place. With CPI-indexed salary, long agreements to 2047, and a solid verified net profit of $216,288, incoming managers can enjoy both financial security and an enviable lifestyle rarely found in this price bracket.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: MR $1.15m + UNIT $798k = $1.95M
- Net Income: $ 216,288
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 798,000
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?