High Rumination, 22 years, NO onsite

1,699,000

Permanent management rights, Strathpine QLD

This is an exceptional opportunity to acquire a well-established and tightly held management rights business in the heart of Strathpine. First time on the market in 12 years.

Positioned in a highly convenient location, this complex offers unbeatable lifestyle and business advantages. Residents enjoy easy access to Strathpine Centre, local cafes, medical services, quality schools, and parklands. Public transport is a breeze, with Strathpine train station just minutes away, and excellent road connections to the Bruce Highway and Brisbane CBD.

Business Highlights:
- Long agreement of 22+ years remaining on agreements
- Remuneration covers approx. 87% of total income to offer exceptional stability and reliability
- All units are two-bedroom with single lock-up garage, easy to find the tenants
- Unique managers unit: standard 2-bedroom layout plus an additional 1-bedroom and second garage, ideal for office use or flexible rental setup
- No requirement to live onsite, extra manager unit rental income to boost the return on the investment and provide the flexibility for some existing business owners or even first time buyers who prefers to live offsite
- Low ratio of letting pool to increase the opportunity for extra lettings or lower the risk for the unit sales transaction
- Big potential to increase the income for acting the sales agent for current owners occupied
- NO gate and facilities to make the maintenance much easier.

This is a rock-solid, low-risk management rights business, it's perfect for a couple, semi-retiree or first-time operator looking for a secure income stream with lifestyle flexibility.

Dont miss this rare offering in a sought after Brisbane growth corridor. Contact exclusive agent, Celine today for a full information pack or to arrange your inspection.

More Information

Financial Overview

Total Purchase Price: 1,699,000
Net Income: $ 222,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 630,000
_{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.}

Letting Business

Letting Pool: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 192,303
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: no set office hour
_{Required Office Hours}

Complex Features: No Facilities

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 630,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: All units in the complex are two-bedroom villa with a single lock-up garage. The managerâs unit is unique, it consists of the standard two-bedroom layout, plus an additional one-bedroom unit and a second single lock-up garage. There is no requirement for the manager to be onsite. The two-bedroom portion can be rented out, while still keep the one-bedroom unit and second garage can be retained for office use if preferred.