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Well-priced for Sale, Large Remuneration, Solid Permanent MR in Capalaba - Brisbane Bayside
$656k/4.6 times on MR and $640k on MU
Permanent management rights, Capalaba QLD
This is an outstanding opportunity to buy management rights in Capalaba on the ever-popular Brisbane Bayside. Nestled in a prime quiet location, only walking distance to Capalaba Central Shopping Centre, easy access to Moreton Bay, public transport, close to schools, parks.
- Asking $656,000 on MR Business with a Net Profit of $144,916
- Manager Lot at $640,000 on the latest Valuation Feb/2025 by Bank Panel Industry Valuer
- Centrally located in the Leafy suburb of Capalaba, Brisbane Bayside
- Well- presented complex provides the perfect environment to relax in
- Very well-run business, all procedures documented
- Body Corporate very fantastic and supportive to work with
- Long agreement 20 years left on a 25 years accommodation module
- Great manager remuneration $111,766 with annual adjustment of CPI every July
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic manager residence
Large two-storey townhouse, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms and a large rear patio and entertaining backyard area
- Large on-title office, no office hour
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
If you want to buy a solid management right business and great lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team, Exclusive Agency.
More Information
- Total Purchase Price: $656k/4.6 times on MR and $640k on MU
- Net Income: $ 144,916
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 640,000
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.
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?