Bulimba, Queensland
Big Nett with Large Remuneration and One Bed Manager Residence
Business $1,454,055 + One Bed Manager Unit
Business Description
Bulimba combines river-side charm with an elegant lifestyle, in a suburb that you'll never want to leave. Bulimba has everything you need for a great lifestyle - food, shopping, entertainment and fun for the entire family - all without leaving its leafy streets. Sure, you might have to force yourself to leave to go to work on Monday, but you'll always be happy to come home to Bulimba.
- Net Income $276,963, Asking for $1,454,055 on MLR business
- Manager Residence One Bed plus Study Unit at $620,000
- Fantastic Body Corporate salary of $196,741, with annual increase by 3% or CPI
- Very well run complex and well established and steady business, all procedures documented
- 20 years+ on agreements
- Complex very popular with tenants
- Small letting pool to give you an undisturbed lifestyle
- Stunning and Modern manager residence comprises One bed plus study, one bath, one car space
- Spacious separate office, no set office hours
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
This is a rare opportunity to purchase such a beautiful lifestyle permanent management right! Come and take a look, we are sure you will be impressed!
Business Summary
Key Investment Insights
1. High net income of $276,963 and asking price of $1,454,055 for MLR business.
2. Manager residence is a one bedroom plus study unit priced at $620,000.
3. Body corporate salary of $196,741 with annual increase of 3% or CPI.
4. Well-established and well-run complex with documented procedures.
5. Long-term agreements of 20+ years.
6. Popular complex with tenants.
7. Small letting pool allows for an undisturbed lifestyle.
8. Modern and spacious manager residence with one bedroom, one bathroom, and one car space.
9. Separate office with no set office hours.
10. Ideal for a family or semi-retired couple looking for a solid income and great lifestyle.
