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Seller Says Sell! Crazy 2.74X MR with Very Little Gardening!
2.75X @ $189k MR&$579k Unit = Total $769k
Permanent Management Rights, SLACKS CREEK QLD
Seller Says Sell! Crazy 2.74X MR with Very Little Gardening!
Discover a turnkey management rights business in a gated community, delivering a recession-resistant net profit of $72,852 p.a. with a caretaker salary of $65,645 (85%) . Enjoy a stable 4-unit letting pool, plus 13 additional units ready to convert for extra commission, all under a 25-year agreement with 19 years remaining.
A resort-style pool and BBQ pavilion offer a mini-retreat for residents and guests. Public transport is a minute away, while Underwood Shopping Centre and the Pacific Motorway on-ramp are just 5 minutesBrisbane CBD in 15 minutes, Gold Coast in under 45. Local shops, cafes, parks and schools are within easy reach, and nearby golf clubs and river-front paths cater to every leisure pursuit.
The package includes a 3-bed, 1-bath, 1-car townhouse (valued at $579,800) as the managers residence, all for $769,800a compelling 2.74 net-profit multiple.
Why this MLR is an absolute steal:
- Low Entry Multiple: Just 2.74 net profit
- Long-Term Security: 19 years left on the caretaking agreement
- Immediate Upside: Convert 10 external-agent lets into your pool
- Managers Unit Included: On-site 3-bed townhouse valued at $579K
- Prime Location: Quick access to Brisbane CBD, Gold Coast, shopping and transport
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: 2.75X @ $189k MR&$579k Unit = Total $769k
- 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?