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Large Permanent MR Business in Redbank Plains
$2,135k/MR Business and $780k/Manager House
Permanent management rights, Redbank Plains QLD
Nestled in the tranquil complex in Redbank Plains, this modern townhouse offers a perfect blend of comfort, convenience, and style.
The community places you in an epicentre which is a short drive to Brisbane and Orion Shopping Centre at Springfield and Costco at Bundamba.
Why people love living in the complex!
-Quick drive or walk to most amenities including Coles, Woolworths, cafes, and array of fast food restaurants
-In the highly desired catchment for Fernbrooke State School and Redbank Plains State High and close to private schools at Ipswich
-Local parks and playground
-Plenty of walking paths and mountain bike trails to explore
-Approximately 10 minutes to the Highway and 12 minutes to the Springfield Central Train Station
-Bus and train route is close by allowing access to the public transport network
-22 minutes to Ipswich and approximately 30 minutes to Brisbane
1).5 years old complex, very new
2).Net Income $388,078, verified by industry specialist accountant
3).Great remuneration $120,086 with annual increase of CPI every October
4).23+ years left on Caretaker/Letting Agreements (to 20 December 2048)
5).76 units in letting pool total in the complex
6).Manager Residence - A large 4/2.5/2 house, plus a detached office on title,
7).No requirement of residing onsite, manager unit has been tenanted with a weekly rent of $560
8).No offices hours, be contactable during normal hours
Asking for $2,135,000 on MR Business and $780,000 on Manager Residence
This is a rare opportunity to purchase such a lifestyle permanent management right business! Come and take a look. We are sure you will be impressed!
More Information
- Total Purchase Price: $2,135k/MR Business and $780k/Manager House
- Net Income: $ 388,078
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 780,000
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?