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Beautiful Bayside Lifestyle Business and Great Manager Residence
3.5 Times Business + Large House MU @ $1.68mil ONO
Permanent management rights, Redland Bay QLD
MLR Business at $780,000 for Net Income $223,000 with $136,621 BC remuneration
Manager Residence is Large Stand-alone Low-set House at $900,000 as per Latest Valuation by Industry Valuer
- Located in the leafy, Bayside suburb of Redland Bay, about 1km to beach
- Conveniently close to shopping, restaurants, bus station and schools, 5 min walk to IGA Shopping Centre, 5 min ride to Victoria Point Mega Shopping Block, you have Coles, Woolworths, Aldi, Bunnings, Dan Murphy, cinema and all restaurants, everything as you want
- Well- presented complex provides the perfect environment to relax in
- Very well run business, all procedures documented
- A great manager remuneration $136,621 with annual adjustment of CPI
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic manager residence with large land size
Freestanding single level house, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms, two bathrooms, one separate toilet, double garage and a large rear patio and entertaining garden area
- Mins riding to Redland Bay State School and 15mins to Sheldon College
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
This is a rare opportunity to purchase such a beautiful lifestyle permanent management right!
Come and take a look we are sure you will be impressed!
More Information
- Total Purchase Price: 3.5 Times Business + Large House MU @ $1.68mil ONO
- Net Income: $ 223,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
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?