Capalaba, Queensland
Well-priced for Sale, Large Remuneration, Solid Permanent MR in Capalaba - Brisbane Bayside
$658k/4.5 times on MR and $680k 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 $658,000 on MR Business with a Net Profit of $148,977
- Manager Lot at $680,000
- 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 $114,614 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. Asking price for the management rights business is $658,000, with a reported net profit of $148,977.
2. Manager lot is on-title and priced at $680,000, providing ownership of the residence.
3. Manager remuneration is $114,614 with annual CPI adjustments every July, offering predictable income growth.
4. Long remaining agreement term, 20 years left on a 25-year accommodation module, ensures long-term revenue security.
5. Centrally located in leafy Capalaba on Brisbane Bayside, within walking distance to Capalaba Central Shopping Centre.
6. Easy access to Moreton Bay, public transport, schools and parks, enhancing resident appeal and rental demand.
7. Very well-run operation with all procedures documented, reducing operational risk and easing handover.
8. Supportive and "very fantastic" body corporate, signalling smooth working relationships and governance stability.
9. Low tenant turnover, minimising inspection and paperwork workload and supporting steady income.
10. Manager residence is a modern, large two-storey townhouse with three bedrooms, open-plan living, large patio and entertaining backyard, attractive for owner-occupiers.
11. Large on-title office included, with no office hours restriction, offering flexible workspace and administrative convenience.
12. Business positioned as ideal for a family or semi-retired couple seeking solid income and lifestyle benefits.
