An unmissable opportunity awaits both seasoned buyers and newcomers to the industry to capitalise on the groundwork laid by the current owners. This thriving management rights business and associated real estate, ticks all the boxes for success.
Offered at an enticing 5.38x multiple, the business boasts a verified net profit nearing $310,000, with minimal facilities to maintainjust a small gym and gardens, and no pool. With the freedom of no set office hours, this meticulously maintained complex of 79 townhouses is a breeze to manage.
The current owners have streamlined operations, employing one part-time property manager who resides onsite in the fantastic four-bedroom manager's townhouse, complete with an attached office. Reap the rewards of all the hard work done by current owners with all systems efficiently in place and comprehensive handover support available, offering a turnkey solution for the new owner.
Enjoy the flexibility of residing off-site and retaining the property manager. Alternatively, move in and take advantage of living in one of the best manager's residences you will find, the choice is yours.
- Comprises 79 townhouses featuring 3 and 4-bedroom designs
- Currently, 69 townhouses are in the letting pool
- Generous Body Corporate salary of $116,284 annually
- No set office hours, with 22 years remaining on agreements
- Standalone manager's house boasting 4 bedrooms and a spacious outdoor area
- Attached manager's office under the same freehold title
- Small committee comprising three off-site investor owners
- Significant growth potential in rental income, not reflected in the P&L
- Well-structured business, easily transferable with comprehensive handover support
- Option to retain the part-time property manager and reside off-site
- Inspections by appointment only
