[Brisbane South Area – Top School Catchment, 5.0 Multiplier] 22-Year Property Management Rights for Sale

Permanent management rights, Mansfield QLD

1.Prime Location: Located in the Brisbane South area within a renowned school catchment.
2.22-Year Property Management Rights Business: This business includes long-term property management rights for a healthy community, which is easy to manage and maintain. The post-tax annual Body corporate remuneration is $105,000, with wages steadily increasing each year according to the CPI. It manages a letting pool of 21 properties, generating an income of $73,000. The annual net profit is $166,000.
3.No Office Hours: The small swimming pool is closed in autumn and winter, requiring no maintenance.
4.Excellent Manager’s Residence: Includes a 3-bedroom, 2.5-bathroom home with a double garage, plus 2 outdoor parking spaces and an office. Located on a corner lot, with separate entrances for the residence and the office. The master bedroom has a balcony. The price is $770,000.
5.Convenient Transportation: Close to the M1 motorway and near the Westfield shopping center.
6.Business Price: The business is for sale at $860,000, with a multiplier of 5.0. The total price is $1,600,000.