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Stable Permanent Business and the BEST Manager Residence with Private Swimming Pool
MR $566k / 4.3 Times + Unit $650k / 4 Beds House
Permanent management rights, Morayfield QLD
Great Complex
The Phillip Usher built units are in excellent order and the standard of the tenants is very high. The occupancy is 100%. This complex is in a high growth location just a short drive to the massive Morayfield Shopping Centre and 30 minutes to the ever popular Bribie Island.
This complex is located at the end of a quiet street just a few minutes drive from the giant Morayfield Shopping Centre and from the Morayfield railway station. This is a strong rental area because of continued growth and employment opportunities.
Facilities: Gym, Pool and adjoining common entertainment area, Visitor parking, Security gates, Ample storage sheds, No BBQ
Handy Location
Morayfield is a suburb of Caboolture, 44 kms north of Brisbane, the state capital of Queensland, Australia. Its local government area is the Moreton Bay Region.
Morayfield is a mostly residential area, consisting mainly of low-set brick homes and some semi-rural acreage. The main commercial area is concentrated along Morayfield Road and includes the Morayfield Shopping Centre, Bunnings, BCF and Harvey Norman to name but a few.
Morayfield railway station provides access to regular Queensland Rail services to Brisbane and Ipswich, as well as Caboolture and the Sunshine Coast.
Long Agreement
22 years left on agreements
The caretaking and all running costs are supplied by the Body Corp.
Great Manager Residence
A top of the range stand alone four bedroom, two bathroom residence on a large secure fenced block with a two car lock up garage plus a concreted vehicle space within the secure fenced area. Features include a formal lounge, an open plan kitchen/dining/family room which opens onto the private use swimming pool area. The large easy care garden is ideal for family and a pet. There are quality fittings throughout. The office is attached on title with a separate entrance to the residence.
If you want to buy a solid income and lifestyle business, it ticks all your boxes, please book your inspection immediately with our NEXT team.
More Information
- Total Purchase Price: MR $566k / 4.3 Times + Unit $650k / 4 Beds House
- Net Income: $ 131,697
(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.
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?