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Permanent GEM in Eight Mile Plains - Brisbane Southside Central
$566k on MR Bus and Manager Lot on Valuation
Permanent management rights, Eight Mile Plains QLD
This is an outstanding opportunity to buy management rights in Eight Mile Plains on the ever-popular Brisbane Southside. Located close to major arterial roads, trains and bus transport providing easy access to Brisbane and the Gold Coast.
- Asking $566,000 on MR Business with a Net Profit of $127,019
- Plus Manager Lot on the latest Valuation by Bank Panel Industry Valuer
- Centrally located in the Leafy suburb of Eight Mile Plains, Brisbane Southside
- 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 23 years left on a 25 years accommodation module
- Great manager remuneration $88,598 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 low-set villa, 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
- Minutes walking to Warrigal Road State School, Runcorn Plaza and Woolworths Eight Mile Plains
- Current manager family has been there for more than 10 years, a good handover will be made to a new manager
- 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: $566k on MR Bus and Manager Lot on Valuation
- Net Income: $ 127,019
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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