Solid, Lifestyle, Permanent GEM in Bayside Brisbane
$1,753,000
Permanent management rights, Manly West QLD
This is an outstanding opportunity to buy management rights centrally in Manly West on the ever-popular Brisbane Bayside. Located close to major arterial roads, trains and bus transport providing easy access to the Wynnum/Manly Esplanade/Cleveland, CBD and the Port of Brisbane, Airport and Gateway Motorway.
The community is an immaculately presented residential community, located in a quiet spot just off Wondall Road, Manly West. Walking to Wondall Road Village and within footsteps of popular cafes, restaurants, public transport, and quality schools close by Short riding to Manly Harbour, Wynnum Jetty.Centrally located in the Leafy suburb of Wellington Point, Brisbane Bayside
Solid Permanent MR with Net Income $196,735
Great manager remuneration $153,106 with annual adjustment of CPI every January
Well- presented complex provides the perfect environment to relax in
Very wellrun business, all procedures documented
Body Corporate very fantastic and supportive to work with
Long agreement 24 years left on a 25 years accommodation module
Small letting pool to give you an undisturbed lifestyle
The turnover of tenants is very low, keeping inspections and paperwork to a minimum
Modern and fantastic manager residence
Large lowset residence, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms, two bathrooms, single garage with additional driveaway parking and a large rear patio and entertaining backyard area
Well-presented on-title detached office
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 beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
More Information
- Total Purchase Price: $1,753,000
- Net Income: $ 196,735
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 730,000
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?