Eight Mile Plains, Queensland
Permanent GEM in Eight Mile Plains - Brisbane Southside Central
$566k on MR Bus and Manager Lot on Valuation
Business Description
This is an outstanding opportunity to buy management rights in Eight Mile Plains on the ever-popular Brisbane Southside. Located close to major arterial roads, trains and bus transport providing easy access to Brisbane and the Gold Coast.
- Asking $566,000 on MR Business with a Net Profit of $127,019
- Plus Manager Lot on the latest Valuation by Bank Panel Industry Valuer
- Centrally located in the Leafy suburb of Eight Mile Plains, Brisbane Southside
- 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 23 years left on a 25 years accommodation module
- Great manager remuneration $88,598 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 low-set villa, 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
- Minutes walking to Warrigal Road State School, Runcorn Plaza and Woolworths Eight Mile Plains
- Current manager family has been there for more than 10 years, a good handover will be made to a new manager
- 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 of $566,000 for management rights with a net profit of $127,019.
2. Manager lot included in the latest valuation by a bank panel industry valuer.
3. Centrally located in the leafy suburb of Eight Mile Plains, on the popular Brisbane Southside.
4. Well-presented complex with a relaxing environment.
5. Well-run business with documented procedures.
6. Supportive and fantastic body corporate to work with.
7. Long agreement with 23 years left on a 25-year accommodation module.
8. Great manager remuneration of $88,598 with annual CPI adjustments.
9. Low turnover of tenants, reducing inspections and paperwork.
10. Modern and spacious manager residence with a large living/dining area, family room, open plan kitchen, three bedrooms, and a large patio and backyard area.
11. Large on-title office with no office hours.
12. Close proximity to Warrigal Road State School, Runcorn Plaza, and Woolworths Eight Mile Plains.
13. Current manager family has been in place for over 10 years, ensuring a smooth handover to a new manager.
14. Ideal for a family or semi-retired couple looking for a solid income and great lifestyle.
