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No Common Facilities! Easy Care MacGregor Permanent MLR! | Resort Brokers ID : MR008203
$1,111,417
Permanent Management Rights, MACGREGOR QLD
Exclusively presenting to the market this outstanding opportunity to purchase the permanent Management Rights with a strong Body Corporate salary that counts for more than 65% of the total income of which is situated in the highly desirable southside suburb of MacGregor. Only minutes to Westfield Garden City, Sunnybank Plaza and Market Square.
Currently managed by a single operator, the workload is very manageable with NO facilities to maintain (no pool, no barbecue, no gym), only very minimal gardens to be maintained. There is no rubbish chute and Council can access to collect/empty the rubbish bins directly from the refuse room meaning the manager doesn't need to push the bins to the street.
The current manager successfully topped up the agreement terms with 24 years remaining plus full support from the body corporate. No set office hours - the incoming manager can enjoy the freedom and flexibility to suit their lifestyle.
The spacious and well-appointed manager's unit has just undergone renovations, featuring fresh paint throughout and brand-new vinyl flooring. This unit boasts three bedrooms, two bathrooms, two carparks and a large balcony terrace. Additionally, a completely separate office is included on title. Both the manager's unit and office occupy the entire floor/level exclusively, ensuring privacy as there are no other units on the same level.
This solid business is suitable for a first-time buyer looking to secure a stable low-maintenance business or a savvy operator to run as a side business
No common facilities to service/maintain
Long agreement terms - 24 years
No set office hours
Renovated 3-bedroom 2-bathroom 2-carpark spaces plus a separate spacious office
Easy access to locale state schools, private schools, UQ and Griffith University
Strong and consistent letting pool
Easy to run with manageable caretaking duties for a single operator
Located in highly sought-after southside area with high rental demand
Only Minutes away from Garden City, Market Square, Sunnybank Plaza
Upside potential through additional income streams
Suitable for either first time buyer or experienced operator to secure an extremely low maintenance MLR
Property inspectionsare by appointment only
Date updated: 01 Nov 2024 00:00:03
More Information
- Total Purchase Price: $1,111,417
- Net Income: $ 132,154
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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?