Proudly supported by all of the industry's leading brokers
Brand new 25 Year Agreements with $2,830 Per Lot Salary, Among Brisbaneâs Highest
$600k MR + $700k Unit = Total: $1.3M
Permanent Management Rights, TINGALPA QLD
Located in Tingalpa, this management rights business combines lifestyle, stability, and long-term security. The position offers quick access to the Gateway Motorway, Brisbane CBD, Airport, Port of Brisbane, and bayside suburbs like Wynnum and Manly, plus nearby Westfield Carindale, schools, and shops.
The business benefits from brand-new 25-year accommodation module agreements, recently topped up with strong committee support providing long-term certainty for the incoming manager.
Income is outstanding, with a Body Corporate salary of $113,185, equating to an incredible $2,830 per lot among the very highest in Brisbane. This ensures dependable returns not reliant on letting. Of 40 units, 10 are in the letting pool, but the business is heavily salary-weighted. A verified net profit of $123,000+ (plus managers unit rental) and a sinking fund above $250,000 further underpin the strength of the business.
Operations are straightforward, with the current manager only working three days a week and all gardening handled by contractors. The managers unit is a well-kept 2-bedroom, 1-bathroom residence, currently rented to the same long-term tenant for over 10 years. This provides steady passive rental income and highlights the flexibility of not needing to live onsite.
At $1,300,000 (business + managers unit), this is a rare opportunity delivering secure high salary income, proven rental flexibility, and lifestyle freedom in one of Brisbanes most convenient locations.
**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
More Information
- Total Purchase Price: $600k MR + $700k Unit = Total: $1.3M
- Net Income: $ 127,277
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?