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Thornside Permanent Complex - Business Only
$890,000 - Business Only
Permanent Management Rights, THORNLANDS QLD
For the first time in six years, this exceptional business-only management rights opportunity in Thornlands is now on the market. Originally purchased off the plan by the current managers, this business has been meticulously operated and is primed for new ownership.
Boasting a 25-year agreement with 23 years remaining under the Accommodation Module, this business offers long-term security and stability. The exclusive-use office is conveniently located on-site, with no restrictive office hours to adhere to. Better still, theres no unit to buy, making this an attractive and affordable investment.
Earning a solid $165,443 nett profit annually, this business is perfect for an owner-operator, easily managed by one person with a user-friendly Body Corporate team that supports smooth operations. At a multiple of 5.4x, the business is competitively priced at $890,000, offering strong returns and a streamlined structure.
The business-only model is a rarity in Queensland, offering lower entry costs and greater flexibility. Without the need to purchase a manager's residence, buyers enjoy significant savings and the freedom to live off-site. This structure is particularly appealing to experienced operators seeking simplicity, or newcomers looking for an easier transition into the management rights industry.
There is no equipment as BC pays for all trimming and current manager pays lawn mowing at$2,000 per year. Thee is a printer only in the office as current manager manages all operations from home
Opportunities like this in the highly sought-after Thornlands area are rare. Dont miss the chance to secure this outstanding investment and enjoy the freedom and profitability of a business-only management rights operation. Contact us today to learn more or arrange an inspection.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $890,000 - Business Only
- Net Income: $ 165,447
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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