Proudly supported by all of the industry's leading brokers
Solid Income and Easy Permanent MR in Brisbane Southside
MR $389.8k / 4.3 Times + MU on Valuation
Permanent management rights, Mount Gravatt QLD
This is an outstanding opportunity to buy management rights in Mt Gravatt East on the ever-popular Brisbane Southside.
Nestled in a prime quiet location, only walking distance to Mount Gravatt Plaza and Mount Gravatt Homemaker Centre, easy access to Westfield Garden City and Westfield Carindale, public transport, close to schools, parks&much much more Only a short commute to Brisbane CBD, about 10km.
- Asking $389,800 on MR Business with a Net Profit of $90,636
- Manager Lot to be on the latest Valuation by Bank Panel Industry Valuer
- Centrally located in the Leafy suburb of Mt Gravatt East, Brisbane Southside
- Well- presented complex provides the perfect environment to relax in
- Very well-run business, all procedures documented
- Body Corporate very fantastic and supportive to work with
- Long agreement 20 years left on a 25 years accommodation module
- Great remuneration $70,948 with annual adjustment of CPI or 3%, which is greater
- Small letting pool to give you an undisturbed lifestyle
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic manager residence
Large two-storey townhouse, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms and a large rear patio and entertaining backyard area
- Well presented on-title office, no office hour
- Manager Unit has been tenanted with a weekly rent of $620
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
If you want to buy a solid management right business and great lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team, Exclusive Agency.
More Information
- Total Purchase Price: MR $389.8k / 4.3 Times + MU on Valuation
- Net Income: $ 90,636
(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