Cleveland, Queensland

16 Hour Work Week! - ID 9155

$1,040,000

Business Description

Permanent Management Rights For Sale
How Does That Sound For Your Work / Life Balance

- What's the first thing you'd do with your property earning you $7,000 (+) per month?

- Beautiful Bayside Location

- Close to everything Cleveland has to offer

- Solid 25 year income earning potential locked in

- Easy care property to run - JUST 16 HOURS PER WEEK!

Your residence: a lovely single level villa within a secure gated community - providing a genuine work / life balance opprtunity in one of fast growing South East Queensland's best lifestyle precinct locations.

Net Profit: $89,284
Asking Price: $1,040,000
(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: $1,040,000 Net Profit: $89,284 Remuneration / Body Corp Salary: $81,400

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

- Opportunity for a work/life balance with only 16 hours of work per week
- Potential for a monthly income of $7,000 or more
- Located in a beautiful bayside location with easy access to all amenities
- Long-term income potential with a solid 25-year agreement in place
- Low maintenance property with a single level villa and secure gated community
- Manager's residence included in the sale price
- Net profit of $89,284 per year
- Additional remuneration/body corporate salary of $81,400 per year
- Three-bedroom manager's apartment with built-in robes, air conditioning, and outdoor entertainment area
- Complex consists of 42 units with 11 in the letting pool and 27 owner-occupied units
- Accommodation agreement with 25 years remaining
- On-site pool for residents' use.

Management Rights Multiplier: 4.14
ROI Estimate: 24.13%