Simply and Solid! Permanent GEM in Northside Brisbane
Caretaking Only MR + Morden Residence @ $1,025,000
Permanent management rights, Murrumba Downs QLD
This is an outstanding opportunity to buy management rights in Murrumba Downs on the ever popular Brisbane Northside. Located close to major arterial roads, trains and bus transport providing easy access to Brisbane and Airport.
- Conveniently located in the Leafy suburb of Murrumba Downs, Brisbane Northside, Close to Buses, Schools, Day Care, Parks&shops... Easy Access to Freeways, CBD, Brisbane Airport&much more
Taking full advantage of Murrumba Down's unsurpassed lifestyle and proximity to North Lakes. Nothing is out of reach, including Westfield North Lakes, Ikea, Costco
Close to excellent private and public primary and secondary schools, also a new university opening in nearby Petrie in 2020.
- Well- presented complex provides the perfect environment to relax in
- No lettings, no tenant hassles
- Body Corporate very fantastic and supportive to work with
- Long agreement 23 years left on a 25 years accommodation module
- Large manager remuneration $102,122 with annual adjustment of CPI every December
- Modern and fantastic manager residence, Large two storey 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 backyard area
- Well-presented on-title office, no office hour
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
This complex is easily managed by one person part time, this business ticks all your boxes, Simple Really!!!
Please book your inspection now with Exclusive Agency - NEXT team!
More Information
- Total Purchase Price: Caretaking Only MR + Morden Residence @ $1,025,000
- Net Income: $ 102,122
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 535,000
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?