Eight Mile Plains, Queensland
Permanent GEM in Eight Mile Plains - Brisbane Southside Central
Under Contract / Offer
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. Located in the popular and growing suburb of Eight Mile Plains on Brisbane Southside.
2. Well-presented complex with a peaceful and relaxing environment.
3. Strong and consistent net profit of $127,019.
4. Manager's lot included in the sale, valued by a bank panel industry valuer.
5. Long agreement with 23 years remaining on a 25-year accommodation module.
6. Great manager remuneration of $88,598 with annual CPI adjustments.
7. Low turnover of tenants, minimizing inspections and paperwork.
8. Modern and spacious manager's residence with a large backyard and entertaining area.
9. Large on-title office with no set office hours.
10. Close proximity to schools, shopping centers, and public transportation.
11. Supportive and fantastic body corporate.
12. Current manager family has been in place for over 10 years, ensuring a smooth handover to new owners.
13. Ideal for a family or semi-retired couple looking for a solid income and great lifestyle.
