Capalaba, Queensland
Well-priced for Sale, Large Remuneration, Solid Permanent MR in Capalaba - Brisbane Bayside
$656k/4.6 times on MR and $640k on MU
Business Description
This is an outstanding opportunity to buy management rights in Capalaba on the ever-popular Brisbane Bayside. Nestled in a prime quiet location, only walking distance to Capalaba Central Shopping Centre, easy access to Moreton Bay, public transport, close to schools, parks.
- Asking $656,000 on MR Business with a Net Profit of $144,916
- Manager Lot at $640,000 on the latest Valuation Feb/2025 by Bank Panel Industry Valuer
- Centrally located in the Leafy suburb of Capalaba, Brisbane Bayside
- 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 20 years left on a 25 years accommodation module
- Great manager remuneration $111,766 with annual adjustment of CPI every July
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic manager residence
Large two-storey townhouse, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms and a large rear patio and entertaining backyard area
- Large on-title office, no office hour
- 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. Well-priced management rights business with a net profit of $144,916 and a manager lot valued at $640,000 on the latest valuation.
2. Centrally located in the leafy suburb of Capalaba, Brisbane Bayside, with easy access to amenities and public transport.
3. Well-presented complex with a peaceful and relaxing environment.
4. Efficiently run business with all procedures documented.
5. Supportive and fantastic body corporate.
6. Long agreement with 20 years remaining on a 25-year accommodation module.
7. Great manager remuneration of $111,766 with annual CPI adjustment.
8. Low turnover of tenants, resulting in minimal inspections and paperwork.
9. Modern and spacious manager residence with a large living/dining area, open plan kitchen, and three bedrooms.
10. Large on-title office with no office hours.
11. Ideal for a family or semi-retired couple looking for a solid income and great lifestyle.
