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Business Only with No Unit to Buy.
$2,080,000 - Business Only
Permanent Management Rights, SPRINGFIELD LAKES QLD
Ras360 Property Solutions is excited to present a remarkable Management Letting Rights (MLR) opportunity in Springfield Lakes, nestled within Springfield, Australias fastest-growing city. This investment opportunity offers an outstanding return on investment exceeding 17%, paired with a robust net profit, making it an ideal choice for those seeking an attractive, low-maintenance income stream.
Enjoy the peace of mind that comes from a secure, dependable body corporate salary, ensuring steady cash flow and financial stability. With no communal amenities such as gyms, pools, or BBQ areas to oversee, the workload is minimal, allowing maximum flexibility and autonomy. The genuine business-only structure removes the need for onsite residency or fixed office hours, providing you with unparalleled personal freedom and lifestyle flexibility.
The MLR agreement boasts an impressive 25-year caretaking and letting arrangement, with over 22 years remaining, offering exceptional long-term security and stability for your investment.
Strategically positioned, Springfield is renowned for its rapid economic and residential expansion. It offers excellent infrastructure, easy access to major transport networks, and a vibrant, diverse community, setting the stage for continued sustainable growth and exceptional investment potential.
Ras360 Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $2,080,000 - Business Only
- Net Income: $ 356,792
(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