Sweet Business Sweet Home

$1,789,000 to $1,810,000

Permanent management rights, Burpengary QLD

We are delighted to present the exceptional property management rights for this captivating complex, nestled in the heart of Burpengary. With its prime location, just moments away from Burpengary Plaza, public transportation, daycares, and schools, residents can relish in the convenience and tranquility offered. Moreover, a short drive leads to the renowned Westfield North Lakes, IKEA, and Costco, ensuring a plethora of shopping and entertainment options. The easy access to the M1/Bruce Highway allows for seamless commuting to both Brisbane and the Sunshine Coast.

The most importantly, the complex is 5 mins away from The Lakes College.

The complex comprises beautifully maintained, single-story villas, boasting three bedrooms each, making them highly desirable and effortless to rent out to discerning tenants. The presence of high-quality tenants exemplifies the appeal and desirability of this property. In addition, the Body Corporate Committee fosters a welcoming and supportive environment, ensuring that the community thrives.

Furthermore, the manager unit stands as a standout feature of this property, standing alone on 529sqm block of land which is very rare in management right business situated at the entrance of the complex. This standalone residence offers spaciousness and privacy, making it an ideal dwelling for the property manager. The unit features three bedrooms, providing ample accommodation, along with a dedicated office space to facilitate efficient management. With two bathrooms and a double garage, this manager unit encompasses all the essential amenities for comfortable living.

In summary, the property management rights for this remarkable complex offer a unique opportunity to oversee and nurture a thriving community in the vibrant Burpengary area. The attractive location, lowset villas, and a supportive Body Corporate Committee, combined with the appealing manager unit, make this an exceptional proposition for discerning property managers seeking a fulfilling and rewarding experience.

More Information

Financial Overview

Total Purchase Price: $1,789,000 to $1,810,000
Net Income: $ 248,960 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{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.}

Letting Business

Letting Pool: 35
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 42
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 79
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 146,285
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 17 years
_{How long has the management rights existed.}

Office Hours: N/A
_{Required Office Hours}

Complex Features: We are delighted to present the exceptional property management rights for this captivating complex, nestled in the heart of Burpengary. With its prime location, just moments away from Burpengary Plaza, public transportation, daycares, and schools, residents can relish in the convenience and tranquility offered. Moreover, a short drive leads to the renowned Westfield North Lakes, IKEA, and Costco, ensuring a plethora of shopping and entertainment options. The easy access to the M1/Bruce Highway allows for seamless commuting to both Brisbane and the Sunshine Coast.The complex comprises beautifully maintained, single-story villas, boasting three bedrooms each, making them highly desirable and effortless to rent out to discerning tenants. The presence of high-quality tenants exemplifies the appeal and desirability of this property. In addition, the Body Corporate Committee fosters a welcoming and supportive environment, ensuring that the community thrives.In summary, the property management rights for this remarkable complex offer a unique opportunity to oversee and nurture a thriving community in the vibrant Burpengary area. The attractive location, lowset villas, and a supportive Body Corporate Committee, combined with the appealing manager unit, make this an exceptional proposition for discerning property managers seeking a fulfilling and rewarding experience.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 4

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: The manager unit stands as a standout feature of this property, occupying a free-standing house with 529sqm situated at the entrance of the complex. This standalone residence offers spaciousness and privacy, making it an ideal dwelling for the property manager. The unit features three bedrooms, providing ample accommodation, along with a dedicated office space to facilitate efficient management. With two bathrooms and a double garage, this manager unit encompasses all the essential amenities for comfortable living.