Birkdale, Queensland
Large Remuneration $138,796 and Four-beds Houses Residence MR in Brisbane Bayside
$728.8k on MR Biz & $780k on MU House
Business Description
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.
Business Summary
Key Investment Insights
1. Located in the popular Brisbane Eastern Bayside area, with easy access to local schools, shopping centres, and public transport.
2. Well-presented complex with a relaxed atmosphere.
3. Strong and consistent net profit of $155,071.
4. Includes a spacious four-bedroom stand-alone house with attached office.
5. Long agreement with 22+ years remaining on a 25-year accommodation module.
6. Large manager remuneration of $138,796 with annual CPI adjustments.
7. Small letting pool of only 7 lettings, providing an easy workload.
8. Modern and spacious manager residence with a large backyard and patio area.
9. Large on-title office with no office hours.
10. Current manager has been in place for over 11 years and will provide a smooth handover to the new manager.
11. Close proximity to local schools, making it ideal for families.
12. Perfect opportunity for a family or semi-retired couple looking for a solid income and great lifestyle.
