Browns Plains, Queensland

Asking for $1.45M, Permanent Management Rights in Southside Birsbane!

SOLD

Business Description

Great Complex
The Phil Usher built townhouses complex is situated in Brown Plains, a rapidly growing suburb offering convenient travel between Gold Coast and Brisbane via the Pacific and Logan motorways.
Lovely swimming pool, entertainment area with undercover BBQ, well-equipped Gym will definitely be enjoyed in summer.
Good rental and very popular for renters.

Handy Location
Conveniently located in a highly sought after position - a quiet and leafy road end environment, near Browns Plains shopping plaza precinct with specialty shopping, restaurants, cinemas and bus station serving all suburbs and the city.

Great Remuneration
$71,252 with annual adjustment of CPI

Long Agreement
Still 22 years left on agreement.

Fantastic Manager Residence
A very spacious size, standing alone, lowset villa with solar panels comfortably suits all your family's needs
- 896 m2 land size
- Fully fenced house with security
- Large backyard for big families
- Up to six car parks
- Self-contained granny flat which has been rented out at $260 per week

Good Size Office attached without office hours on agreement.

If you want to buy a big and solid income and lifestyle business, it ticks all your boxes, please book your inspection immediately with our NEXT team.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $195,718 Remuneration / Body Corp Salary: $71,708Business Value: $998,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 4Bathrooms: 3Car Spaces: 4Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 62Total Units in Letting Pool: 43Owner Occupy Units: 16Outside Agent Units: 3Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 Years yearsPool: YesGym: YesBBQ Area: Yes

Marketing Agent

David Jiang

0481500....

Patrick Leou

Next Business & Property Sales

Key Investment Insights

1. The business is a permanent management rights complex located in the rapidly growing suburb of Brown Plains in Southside Brisbane.
2. The complex was built by Phil Usher and features modern townhouses with a lovely swimming pool, entertainment area, and well-equipped gym.
3. The complex is popular among renters and has a good rental income.
4. The location is highly sought after, with easy access to both Gold Coast and Brisbane via major motorways.
5. The complex offers a great remuneration of $71,252 with annual CPI adjustments.
6. The agreement has a long term of 22 years remaining.
7. The manager's residence is a spacious, standalone lowset villa with solar panels and a fully fenced yard.
8. The residence also includes a self-contained granny flat that can be rented out for additional income.
9. The complex has a good size office attached with no set office hours.
10. This business offers a solid income and lifestyle opportunity for potential buyers.

Management Rights Multiplier: 4.62
ROI Estimate: 13.47%