Deception Bay, Queensland

Bayside Living

$810K MR & $660k Unit = Total $1.47M

Business Description

This impressive and distinctive manager’s residence presents a unique opportunity for buyers seeking both a comfortable home and a lucrative investment. Featuring a newly upgraded, modern kitchen, the property has been renovated to offer a harmonious blend of style and functionality. Boasting two separate living areas, it accommodates diverse lifestyles and provides ample space for relaxation and entertainment.
Located in an exceptionally private setting, the residence is enveloped by lush tropical gardens that create a tranquil atmosphere and an inviting outdoor retreat. The property also includes generous parking facilities that can comfortably accommodate four to six vehicles, ensuring convenience for residents and visitors alike. Fully insulated for year-round comfort, every aspect of the home has been designed with quality in mind.
Complementing the residential appeal is the integrated Management Rights Business, offering an excellent return on investment. The quiet, well-established complex is popular with tenants, many of whom have maintained long-term tenancies. Set in a bayside locale, the property benefits from refreshing breezes and scenic views.

For a private inspection, please contact Robert Collins.

Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks

Business Summary

Business Snapshot

Price: $810K MR & $660k Unit = Total $1.47M Net Profit: $156,000 Remuneration / Body Corp Salary: $107,768

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 3Bathrooms: 2Car Spaces: 4

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 22Owner Occupy Units: 42Outside Agent Units: 2Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

1. The property includes a newly upgraded, modern kitchen, making it a desirable and functional living space.
2. The residence offers two separate living areas, providing flexibility for residents and potential for entertainment.
3. The property is surrounded by lush tropical gardens, creating a peaceful and inviting outdoor retreat.
4. The generous parking facilities, with space for four to six vehicles, add convenience for residents and visitors.
5. The home is fully insulated for year-round comfort, with a focus on quality and attention to detail.
6. The integrated Management Rights Business offers a strong return on investment, making it a lucrative opportunity for buyers.
7. The complex is well-established and popular with long-term tenants, adding stability to the investment.
8. The bayside location provides refreshing breezes and scenic views, adding to the appeal of the property.
9. The Managers Unit has a value of $660,000 and includes three bedrooms, two bathrooms, and four car spaces.
10. The complex has a permanent type and a total of 68 units, with 22 units in the letting pool and 42 owner-occupied units.
11. The agreement term is 25 years, with 20 years remaining, providing long-term stability for the business.
12. The property is listed for $810,000 for the Management Rights and $660,000 for the Managers Unit, for a total of $1.47 million.
13. The net profit for the business is $156,000, with a remuneration/body corp salary of $107,768.

Management Rights Multiplier: 5.19
ROI Estimate: 19.26%