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Perfect House with Over $280K Net & 24 Year Agreement
$2,215,000
Permanent management rights, Bracken Ridge QLD
This is an outstanding opportunity to secure a well established and low maintenance management rights business in a prime pocket of Bracken Ridge, one of Brisbanes most family friendly and fast growing suburbs.
Ideally positioned within walking distance to local parks, schools, shops, and public transport, and just a few minutes drive to Bracken Ridge Plaza. You'll enjoy convenient access to major routes, with only 30 minutes to Brisbane CBD, 25 minutes to Brisbane Airport, and 20 minutes to the stunning Redcliffe beaches. With easy access to the M1 and Gateway Motorway, travel in all directions is a breeze.
Perfect for a couple or family seeking both a strong income and lifestyle balance, this business generates a healthy net income of over $280,000, supported by 24 years remaining on the agreements. Backed by a harmonious and supportive Body Corporate and committee, it offers long-term security and excellent growth potential.
The manager unit is a standalone home with 3 spacious bedrooms, 2 bathrooms, 2 generous living areas, double lock-up garage plus 2 additional car spaces and large office space with separate access. It's ideal for families or couples.
This is a rare chance that true standout in the market to secure a profitable, low-risk business with a quality home and excellent lifestyle appeal. Whether youre an experienced operator or a first-time buyer looking for a strong start, this is an opportunity not to be missed. Contact exclusive agent Celine today for a full information pack or to arrange the inspection for you.
More Information
- Total Purchase Price: $2,215,000
- Net Income: $ 280,180
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?