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Health Reasons Sale @ 3.91x - $104k Profit in Prime Ipswich, Minimal Duties + 5 Year Top Up In Motion!
Urgent Sale - $401K MR + $598K Unit = Total $999k
Permanent Management Rights, BRASSALL QLD
Health Reasons Sale @ 3.91x - $102k Caretaking-Only in Prime Ipswich Locale, Minimal Duties + 5-Year Top-Up in Motion!
Offered for sale due to health reasons, this established management rights business of 68 townhouses delivers a secure $102,635 p.a. body-corp salary under an 18-year accommodation module. A 5-year top-up motion is already in playlocking in agreements through to 2048 for the incoming manager.
Currently run as caretaking only, its the ultimate lifestyle businessjust 10 am2 pm onsite hours (MonFri) and no live-in requirement. For buyers seeking to grow returns, theres immediate upside6 lettings are available to acquire now, plus a further 15 units in the complex currently managed externally, giving you room to build a strong letting income alongside the caretaking salary.
Ideally located minutes from Brassall Shopping Centre, 10 minutes to Ipswich CBD, and ~45 minutes to Brisbane via the Ipswich and Warrego Motorways. Residents enjoy a sparkling pool, BBQ facilities, and landscaped gardens, while you benefit from a simple workloadno gym, minimal gardening, and a low-maintenance complex.
This is a rare chance to secure a steady, low-stress income with genuine potential for growthall in a prime Ipswich location.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: Urgent Sale - $401K MR + $598K Unit = Total $999k
- Net Income: $ 104,349
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 598,000
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?