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Permanent GEM and Great Low-set Residence in Bayside Brisbane
$1,559,000
Permanent management rights, Wakerley QLD
- Centrally located in the Leafy suburb of Wakerley, Brisbane Bayside
- Solid Permanent MR with Net Income $153,058
- Great manager remuneration $86,548 with annual adjustment of CPI or 5% every March
- 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 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, double 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 great management right business and beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
More Information
- Total Purchase Price: $1,559,000
- Net Income: $ 153,058
(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?