Proudly supported by all of the industry's leading brokers
Large Remuneration $138,796 and Four-beds Houses Residence MR in Brisbane Bayside
$728.8k on MR Bus and $780k on MU House
Permanent management rights, Birkdale QLD
This is an outstanding opportunity to buy management rights in Birkdale on the ever-popular Brisbane Eastern Bayside. Conveniently located just moments away from local schools, shopping centres (Birkdale Fair), public transport, with a quick commute to Brisbane CBD this home makes for the perfect lifestyle location.
- Asking $728,800 on MR Business with a Net Profit of $155,071
- $780,000 for a great four beds stand-alone house, plus on title office attached
- Centrally located in the Leafy suburb of Birkdale, Brisbane Eastern Suburb
- 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 22+ years left on a 25 years accommodation module
- Huge manager remuneration $138,796 with annual adjustment of CPI every June
- Small letting pool, only 7 lettings, providing an easy life
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic manager residence
Large stand-alone two-storey house, a big living/dining area, spacious family room, modern and open plan kitchen, four bedrooms and a large rear patio and entertaining backyard area
- Large on-title office, no office hour
- Current manager family has been there for more than 11 years, a good handover will be made to a new manager
- Mins riding to local school, Ormiston College, Moreton Bay Boys College, Redland College
- 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: $728.8k on MR Bus and $780k on MU House
- Net Income: $ 155,071
(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?