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Accommodation/Tourism
SIPPY DOWNS, QLD
Sunshine Coast Management Rights Opportunity | Net Circa 1.2 Million | Substantial Body Corporate Remuneration | Long-Term Agreement
New
Sunshine Coast Management Rights Opportunity | Net Circa 1.2 Million | Substantial Body Corporate Remuneration | Long-Term Agreement
Sippy Downs, QLD, 4556
Accommodation/tourism · Management Rights
$8,960,000
Exclusively presented is this substantial management rights opportunity positioned in a highly sought-after Sunshine Coast location close to the University of the Sunshine Coast, major amenities and the broader Sunshine Coast lifestyle.This is an established management rights business offering an impressive combination of strong body corporate remuneration, additional income streams, a large letting pool and a long-term management agreement.With net income of approximately $1.2 million, the business provides significant scale and an established operating structure for an experienced management rights operator.BUSINESS AT A GLANCE - Net income circa $1.2 million - Body Corporate Caretaking remuneration package exceeding $600,000 - Additional income from letting commissions, letting fees, data packages, internet rental and common area cleaning - Proposed agreement top-up scheduled at an upcoming EGM, extending the term to 22 years to 2048 - Established management operation with supporting staff and contractors - Strong demand with a current waiting listESTABLISHED OPERATING STRUCTUREThe business operates with an established staffing and contractor structure, with the current P&L allowing for wages associated with: - Front office reception - Common area cleaning - Gardening - Maintenance - Cleaning - SecurityThis provides an incoming operator with an established operational framework and allows the business to be managed with appropriate staffing support.LONG-TERM AGREEMENTThe current management rights operator has just submitted a top up proposal for an upcoming EGM which will take these agreements to a healthy 22 years (2048).A long-term agreement of this nature provides valuable security of tenure and supports the substantial value of the management rights business.AN OPPORTUNITY OF SCALEThis is a significant management rights operation suited to an experienced operator looking to acquire a substantial business with multiple income streams, strong body corporate remuneration and long-term security of tenure.With established systems, supporting staff, a large letting pool and significant annual income, the opportunity provides an incoming purchaser with the ability to acquire and operate a well-established management rights business in one of the Sunshine Coast's growing precincts.REAL ESTATE includes real estate valued at $1,520,000Net Profit: $1,200,000 - CircaProperty Code: 152
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