Great Size, Near New, Growing Area, First Time on Market - UNDER CONTRACT

$2,127,413

Permanent management rights, Redbank Plains QLD

Beautiful landscaping, low maintenance courtyards and a pool - ticks all the boxes for today's renters. Open, functional floorplans, near new units with modern interior, located at the end of a quiet cul-de-sac, yet still close to transport and amenities, offers convenience without compromising comfort! Low vacancy rates are almost guaranteed and rental yields sure to increase!
Easy to manage and maintain making this MR a great business investment for single investors and syndicates.

- No set office hours stipulated in the agreements
- Current letting pool consists of 90 units
- 5 minute drive to the Centenary Highway on-ramp, 10 minutes to Springfield Central & 30 minutes to Brisbane
- Blue Gum Park on doorstep, schools and shopping centers a few minutes drive
- New shopping center 200m away starting construction 2022

Contact us to arrange a viewing or request more information. You need to view to appreciate the value and potential .

More Information

Financial Overview

Total Purchase Price: $2,127,413
Net Income: $ 297,669 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 520,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.4
_{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: 90
_{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: 91
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 103,967
_{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: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 3 years
_{How long has the management rights existed.}

Office Hours: flexible
_{Required Office Hours}

Complex Features: swimming pool, 90 rentals, visitor car spaces, 3 and 4 bedroom units, low maintenance courtyards, beautiful landscaping

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 520,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 4

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 bedroom, master with ensuite, main bathroom with bath-tub, ducted AC, ceiling fans, double lock-up garage, good size backyard, covered patio, security screen doors/windows,