Cleveland, Queensland

Guaranteed Inflation Proof Cash Flow - ID 9155

$1,054,000

Business Description

Permanent Management Rights For Sale
Interested? You Should Be - Don't Miss Out!

- Remarkable opportunity to purchase this well maintained villa & townhouse complex

- 42 lots with 11 in the letting pool plus additional 2 external lets

- 25 year term remaining

- No set office hours offering great work / life balance

- Excellent rapport with Committee and Body Corporate

- Industry accountant verified income

- Desirable bayside location, close to major arterial roads, trains and bus transport

- Walking distance to shops and dining

- The manager's residence offers 3 bedrooms & 1 bathroom, private courtyard and single car accommodation

Long term manager's ready to move on. Don’t miss out on this outstanding opportunity to secure a thriving permanent management rights business. With its strong rental pool with room to grow, strategic location and low-maintenance caretaking duties, this investment promises a harmonious blend of financial success and relaxed lifestyle.

Net Profit: $87,549
Asking Price: $1,054,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Brisbane Bayside Management Rights for sale contact:

Management Rights Broker
Peter Ross

Property Code: 901

Business Summary

Business Snapshot

Price: $1,054,000 Net Profit: $89,284 Remuneration / Body Corp Salary: $79,000

Managers Unit

Value of Managers Apartment: $670,000Bedrooms: 3Bathrooms: 1Car Spaces: 2Office: On TitlePets OK: Yes

Three bedrooms with built in robes + office, Air conditioning in lounge, master bedroom and office, Recessed lighting plus fans in all rooms and office, Fully tiled living areas with carpet and wood floors in bedrooms, Single lock-up garage with additional car parking in front, Covered outdoor entertainment area, perfect for family enjoyment and hosting guests, The private spacious courtyard with maintenance free gardens is suitable for children and pet-secure living

Complex Information

Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 11Owner Occupy Units: 27Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: Yes

Marketing Agent

Peter Ross

MR Sales

Key Investment Insights

- Located in a desirable bayside location, close to major arterial roads, trains and bus transport
- 42 lots with 11 in the letting pool plus additional 2 external lets
- 25 year term remaining on the management rights agreement
- No set office hours offering great work/life balance
- Excellent rapport with Committee and Body Corporate
- Industry accountant verified income
- Walking distance to shops and dining
- Manager's residence offers 3 bedrooms & 1 bathroom, private courtyard and single car accommodation
- Long term manager's ready to move on
- Net Profit: $87,549
- Asking Price: $1,054,000 (Inclusive of Manager's Real Estate)

Management Rights Multiplier: 4.30
ROI Estimate: 23.25%