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Large Income + Four beds Manager Residence, Permanent MR Business
$1.428mil/MR Biz and $650k/MU House
Permanent management rights, Eagleby QLD
Eagleby is a hidden gem in the Logan area, perfectly located between Brisbane and the Gold Coast. Known for its family-friendly vibe, this suburb boasts great schools, shopping centers, and plenty of parks and green spaces. With easy access to the M1, Eagleby provides seamless connections to urban hubs while retaining a peaceful, community-centered atmosphere
Why people love living in the complex!
- 700m drive to Eagleby State School/Learning Centre
- 800m to Eagleby South State School
- 3kms to Beenleigh State High School
- 4kms to Trinity College Beenleigh
- 450m to Eagleby Shopping Plaza
- 35min Drive to Brisbane CBD
- 45 min Drive to Central Gold Coast
1).Net Income $274,752, verified by industry specialist accountant
2).Great remuneration $139,544 with annual increase of CPI every October
3).22+ years left on Caretaker/Letting Agreements (to 7 October 2047)
4).52 units in letting pool out of 103 units total in the complex
5).Manager Residence - A large 4/2.5/2 House, plus a large office on title
6).Manager unit has been tenanted with a weekly rent of $600
7).No offices hours, be contactable during normal hours
Asking for $1,428,710,000 on MR Business and $650,000 on Manager Residence, $2,078,710 in total.
Book your private inspection with David Jiang from NEXT Realty!
More Information
- Total Purchase Price: $1.428mil/MR Biz and $650k/MU House
- Net Income: $ 174,752
(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?