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Lifestyle and Income Opportunity in Morayfield Townhouse Complex
$775k MR&$535k Unit = Total $1.31M
Permanent Management Rights, MORAYFIELD QLD
The Avenues is a welcoming, semi-modern townhouse complex in the relaxed suburb of Morayfield, just north of Brisbane. Here, youll find a well-kept community of 104 residences, made up of 52 two-bedroom units, 51 three-bedroom townhouses, and a comfortable on-site managers unit.
The business is straightforward and enjoyable to run, with 20 permanent-let units in the letting pool, 6 managed by outside agents, and the remainder owner-occupied. Its the kind of complex where neighbours know each other, and the pace is calm, making it an ideal environment for both residents and managers.
The managers unit sits towards the centre of the complex and is a single-level detached townhouse thats both practical and private. With three bedrooms, one bathroom, and a single garage, its an easy home to enjoy. The office/reception is attached and on title, giving you the convenience of working from home while keeping business and personal life neatly separated. The total internal space is 152 sqm, plus a generous 315 sqm of surrounding land on title.
Residents have access to great shared facilities, including a swimming pool, recreation area, dog walking space, and plenty of visitor parking. These amenities, combined with tidy common areas and on-site management, make The Avenues a sought-after place to live.
Agreements will be new, fully topped up 10 year agreements for the incoming buyer due to module change, this is a secure investment with strong lifestyle appeal. A great starter or perfect add-on business. The managers unit is priced well at $535,000, and the management rights at $777,539 a great opportunity for those looking to combine work, home, and community in one appealing package.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $775k MR&$535k Unit = Total $1.31M
- Net Income: $ 199,369
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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