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Undervalued 2.68x MLR + 13 Letting Upside + Prime Location
Crazy 2.68X @ $185k MR&$579k Unit = Total $765k
Permanent Management Rights, SLACKS CREEK QLD
Undervalued 2.68x MLR + 13 Letting Upside + Prime Location
Still sitting on the sidelines? Deals like this dont wait forever.
This is one of the lowest-risk, high-upside entries into the management rights world youll see all year.
Secure a gated community MLR in a super-convenient location just 15 mins from Brisbane CBD. With easy gardens, no office hours, and a caretaking salary making up 85% of your income, this is the ultimate low-stress side hustle - or perfect for a first-time buyer looking for flexibility and stability.
Location Highlights
Set in a peaceful gated community just 1 minute from public transport and 5 minutes to Underwood Marketplace and the M1, this complex offers unbeatable convenience. Enjoy quick access to Brisbane CBD (15 minutes) and the Gold Coast (under 45), with local schools, parks, shops, and riverfront walkways all nearby. Residents love the resort-style pool and BBQ area, and as manager, youll enjoy the lifestyle without the maintenance burden.
Your Home Included
Live on-site in a 3-bedroom townhouse with one bathroom and secure parking valued at $579K and all included in the price. The complex even features a resort-style pool and BBQ area that residents love (and you dont have to maintain!).
Why Its a Smart Buy
With a low 2.68x multiple, 85% of income from caretaking, and 19 years remaining on the agreement, this is a low-risk, high-stability investment. Theres real potential to grow profits by converting 13 externally managed units into your letting pool. Minimal day-to-day workload, no office hours, and a high-value townhouse included make this an ideal choice for first-time buyers or those seeking an easy, income-producing lifestyle.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: Crazy 2.68X @ $185k MR&$579k Unit = Total $765k
- Net Income: $ 69,012
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 579,800
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?