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EIGHT MILE PLAINS - NET INCOME $665,000 P.A.
$5,968,000
Permanent Management Rights, EIGHT MILE PLAINS QLD
Exclusive Management Rights Opportunity:
An exceptional opportunity to secure a premium residential management rights business in one of Brisbane's most tightly held communities.
Rare Location Advantage:
Situated near Eight Mile Plains Shopping Centre with seamless access to the Pacific Motorway (M1), this area is highly regarded for its convenience, established infrastructure and strong community appeal. Particularly popular among professional families and the Asian community, supporting consistent tenant demand and long-term capital growth.
Premium Business Profile:
Two townhouse communities within a short 5-minute drive
No set office hours
Not compulsory for the manager to reside on-site
Management Agreements have terms of over 20 years remaining
Impressive strata sinking fund balances
Well maintained buildings
Supportive Body Corporate
Strong & Reliable Income:
Net Profit: $665,000 per annum
Body Corporate Salary: $428,000 per annum
Well-established letting pool with stable occupancy
Investment Highlights:
Prime Brisbane location
Mature, proven business
Efficient operational structure
Strong income and capital security
Real Estate:
Two 3-bedroom townhouses are integrated into the businesses with a market value of $850,000 each. Current rental income is not included in the stated net profit.
Opportunity:
Businesses within this sought-after location, and of this calibre, are rarely available to the market.
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More Information
- Total Purchase Price: $5,968,000
- Net Income: $ 664,971
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,700,000
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?