Proudly supported by all of the industry's leading brokers
Low workload, Great Location
Low Multiplier 3.9x MR $305.8k + UNIT $799k
Permanent Management Rights, CORINDA QLD
34 Units | 7 Letting Pool | Managers Unit Included
Corinda Gardens presents a rare opportunity to secure a low-maintenance, income-generating lifestyle in one of Brisbanes most sought-after family suburbs within walking distance of Corinda State High School, one of Brisbanes leading co-educational public schools.
Business Highlights:
> No office hours enjoy total flexibility
> Stable and easy-to-manage letting pool of 7
> 5 externally managed rentals offer upside potential over time
> Attractive Body Corporate salary for low-impact caretaking duties
> Caretaking duties are straightforward, with well-maintained grounds requiring mainly routine garden care and general oversight.
***********************************************
current owners do not sell
ADD REAL ESTATE SALES
Most Recent Sale in complex $851k
Potential Commission $$$$$$
Start your Real Estate Career here!!!!
***********************************************
This setup is perfect for a professional couple or young family. With no set office hours, you can maintain your current careers, work from home, or simply enjoy the lifestyle while earning reliable supplementary income.
Located within the blue-chip Corinda school catchment, this boutique complex of 34 townhouses includes a letting pool of 7, with a further 5 rentals managed externally offering genuine potential for income growth over time.
Spacious 3-bedroom, 2-bathroom single-level home with street frontage and a large on-title managers office with private access.
Includes 1 lock-up garage plus 2 additional exclusive-use car spaces and low-maintenance front and rear courtyards ideal for a busy lifestyle.
Solar panels provide ongoing savings on energy costs.
Enjoy INSTANT EQUITY with the most recent sale in the complex of $850k
The caretaker can reside in any unit within the complex, allowing the opportunity to rent out the managers unit and reside in any other if preferred
A great option for families, professionals, or savvy investors as alternatively, you have the flexibility to rent out the managers unit and reside in another unit within the complex.
Perfect for first-time buyers or experienced operators looking for a reduced workload
This is a smart lifestyle business in a tightly held location just 11km from the Brisbane CBD, with easy access to public transport, cafes, shops, and some of the city's best public and private schools.
More Information
- Total Purchase Price: Low Multiplier 3.9x MR $305.8k + UNIT $799k
- Net Income: $ 78,418
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 799,000
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?