Chermside, Queensland
3.3 Times Multiplier MR Business with Solid Income and Still Growing!
SOLD
Business Description
Asking for $1,383,800 in total
Net Income $248,117 MR and 2 Beds Manager Residence
Net Income verified by Industry specialist accountant to March 2025
Manager Lot Valued by Industry specialist valuer in Jan 2024 at $565,000
- Retirement Permanent Management Rights
- Best value Management Rights in Brisbane NorthSide
- Great Location by dynamic suburb of Chermside
100m to Aquatic Centre
50m to Kedron Wavell Services Club
300m to Westfield Chermside (One of the biggest Shopping Centres in Brisbane)
98 school options in Chermside within a distance of 5 kilometres
- Two bedrooms and one bathroom manager unit with office on title
- Very supportive body corporate relationship
- Over 55's complex with a very small caretaking work load
- A lunch with hot meal is provided and help is available
- Your role here is mainly to oversee the complex
- Low maintenance gardens, no gate, no gym, no pool/spa, no BBQ to worry about
- Great remuneration $71,768 with annual CPI increase every October
- Income has been verified by specialist management rights accountants
- 18% great return on your investment
To be the lucky person to buy this management rights you will need to be QUICK!
Business Summary
Key Investment Insights
1. Listed as a 3.3 times multiplier management rights business, asking price $1,383,800 in total.
2. Verified net income of $248,117 MR, verified by an industry specialist accountant to March 2025.
3. Manager lot valued at $565,000 by an industry specialist valuer in January 2024.
4. Manager residence is a two bedroom, one bathroom unit with an office on title.
5. Retirement permanent management rights for an over 55s complex, implying stable resident base.
6. Low caretaking workload, role mainly oversight, with a lunch and hot meal provided and additional help available.
7. Very supportive body corporate relationship, indicating smoother operational management.
8. Low-maintenance grounds, no gate, no gym, no pool or spa, no BBQ, reducing operational costs and responsibilities.
9. Strong location appeal in Chermside, Brisbane NorthSide, described as best value in the area.
10. Immediate local amenities: 100 metres to the aquatic centre, 50 metres to Kedron Wavell Services Club, 300 metres to Westfield Chermside.
11. High local catchment, 98 school options within 5 kilometres, supporting long-term area demand and services.
12. Attractive investor returns and income terms, quoted remuneration $71,768 with annual CPI increases, and an indicated 18% return on investment.
