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  • management rights Brisbane
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Stable Permanent Business and the BEST Manager Residence with Private Swimming Pool

MR $482k / 3.9 Times + MU $680k / 4 Beds House

Permanent management rights, Morayfield QLD

Great Complex
The Phillip Usher built units are in excellent order and the standard of the tenants is very high. The occupancy is 100%. This complex is in a high growth location just a short drive to the massive Morayfield Shopping Centre and 30 minutes to the ever popular Bribie Island.
This complex is located at the end of a quiet street just a few minutes drive from the giant Morayfield Shopping Centre and from the Morayfield railway station. This is a strong rental area because of continued growth and employment opportunities.
Facilities: Gym, Pool and adjoining common entertainment area, Visitor parking, Security gates, Ample storage sheds, No BBQ

Handy Location
Morayfield is a suburb of Caboolture, 44 kms north of Brisbane, the state capital of Queensland, Australia. Its local government area is the Moreton Bay Region.
Morayfield is a mostly residential area, consisting mainly of low-set brick homes and some semi-rural acreage. The main commercial area is concentrated along Morayfield Road and includes the Morayfield Shopping Centre, Bunnings, BCF and Harvey Norman to name but a few.
Morayfield railway station provides access to regular Queensland Rail services to Brisbane and Ipswich, as well as Caboolture and the Sunshine Coast.

Long Agreement
21 years left on agreements
The caretaking and all running costs are supplied by the Body Corp.

Great Manager Residence
A top of the range stand alone four bedroom, two bathroom residence on a large secure fenced block with a two car lock up garage plus a concreted vehicle space within the secure fenced area. Features include a formal lounge, an open plan kitchen/dining/family room which opens onto the private use swimming pool area. The large easy care garden is ideal for family and a pet. There are quality fittings throughout. The office is attached on title with a separate entrance to the residence.

If you want to buy a solid income and lifestyle business, it ticks all your boxes, please book your inspection immediately with our NEXT team.

More Information

Financial Overview

  • Total Purchase Price: MR $482k / 3.9 Times + MU $680k / 4 Beds House
  • Net Income: $ 130,054 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 680,000
    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.

Letting Business

  • Letting Pool: 16
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 0
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: TBC
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 73,410
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 25 years
    How long is the caretaking contract.
  • Agreement Remaining: 21 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Office Hours: None
    Required Office Hours
  • Complex Features: Pet Friendly
  • Real Estate Component

  • Manager's Unit:   4 2
  • Included Real Estate: $ 680,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 3
  • Office On Title: 1
    Is there a manager's office included on the title?
  • Pets: Yes
    Can the manager own a pet on site?
  • Unit Features: 4 bed, 2.5 bath, DLUG + car space, large secure fenced garden, private use pool, office on title, and storage.Pet Friendly
  • Listing Agent Contact Details

    %2Fusers%2Flogo_7566474%2F1.jpg Click here to view full profile for: NEXT International Realty Pty Ltd

    Portrait

    David Jiang

    Office : +61 4 55338...
    Mobile : 0481500...

    NEXT International Realty Pty Ltd

    http://www.nextrealty.com.au


    Send an Email:

    Similar Properties

    Listing Photograph Exclusive MR $482k / 3.9 Times + MU $680k / 4 Beds House
    management rights Morayfield

    Permanent Management Rights

    Morayfield, Brisbane
    • Net Income: $ 130,054 (actual)
    • Remuneration: $ 73,410
    • Letting Pool: 16
    • Manager's Estate (incl): $ 680,000   4   2     Pet Friendly
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    • Property ID: 3896746
    • Broker's Ref: R2-1836309
    • =7566474
    • Last Update: 1 month ago.
    • Listing Type: Permanent
    • Price: MR $482k / 3.9 Times + MU $680k / 4 Beds House
    • Morayfield, QLD

    Agent Details

    %2Fusers%2Flogo_7566474%2F1.jpg Click here to view full profile for: NEXT International Realty Pty Ltd

    Portrait

    David Jiang

    Office : +61 4 55338...
    Mobile : 0481500...

    NEXT International Realty Pty Ltd

    http://www.nextrealty.com.au


    Send an Email:


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    • Net Income: $ 173,492 (actual)
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    • Letting Pool: 12
    • Manager's Estate (incl): $ 950,000   2   1     Pet Friendly
    Listing Photograph Listing Photograph Listing Photograph

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