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Stunning Permanent Management Rights in Albany Creek
$720K MR and $650K Four Beds MU
Permanent management rights, Albany Creek QLD
Asking $1,370,000 in total
MR Business $720,000 for a Net Income of $160,056
Four Beds Stand-alone Manager Residence for $650,000 Valued in 2022 by Industry Valuer
Morden Complex
Perfectly located in Albany Creek, a highly sought after position - a quiet and leafy community, just a short stroll
to shopping, medical, schools, transport, parks and a wide array of amenities, everything is only moments away.
Appr. 14 min/10km ride to Chermside Westfield, Brisbane Northern Suburbs
Appr. 28 min/18km ride to South Bank Parkland, South Brisbane
Appr. 30 min/20km ride to Indooroopilly Westfield, Brisbane Western Suburbs
Appr. 35 min/33km ride to Garden City Westfield, Brisbane Southern Suburbs
Good rental and very popular for renters.
Very Supportive BC
Good Relationship with BC in place
Great Remuneration
$75,000 with annual adjustment of CPI or 3% every June, which is greater
Long Agreement
Still 20+ years left on agreement
Modern and Stunning Manager Residence
A spacious size, two storey 4 beds, 2.5 baths stand alone townhouses with double garage comfortably suits all
your family's needs
- Fully fenced house with security
- Large backyard for big families
- big office and manager storage
Easy and Flexible
No set up office hours, just contactable during working hours
No gate, no pool, no BBQ, no lawn, just hedging
This would be a perfect opportunity to secure a solid income and lifestyle business, it ticks all your boxes.
Please book your inspection immediately with our Exclusive NEXT team
More Information
- Total Purchase Price: $720K MR and $650K Four Beds MU
- Net Income: $ 160,056
(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?