Kallangur, Queensland
Business Only, No Pool, No Gate! Solid Permanent MR Business in Brisbane Northside
SOLD
Business Description
- Asking $1,820,000
- Large Income $313,798, verified by industry specialist accountant
- Centrally located in the Leafy suburbs of Kallangur and Petrie, Brisbane Northside
10-minute drive to IKEA, North Lakes Westfield Shopping Mall, Costco, Bunnings and many more outlets.
25-minute drive to Brisbane Airport
30-minute drive to Brisbane CBD
- Two MRs in One for Sale, with a distance of 7 min riding, very handy
- 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 22+ years left on a 25 years accommodation module
- Great remuneration $174,703 with annual adjustment of CPI
- 49 lettings in the pool in total
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- No Gate, no Pool, no BBQ
- No Office Hours
- No Real Estate Associated
Book your private inspection with David Jiang from NEXT Realty!
Business Summary
Key Investment Insights
1. Asking price $1,820,000, business-only sale.
2. Verified large income $313,798, confirmed by an industry specialist accountant.
3. Remuneration to operator $174,703, with annual CPI adjustments.
4. Long-term agreement in place, 22+ years remaining on a 25-year accommodation module.
5. Two MRs offered as a package, located approximately 7 minutes riding apart.
6. Situated in leafy Kallangur and Petrie on Brisbane Northside, 30 minutes to Brisbane CBD.
7. Convenient retail and amenity access, about 10 minutes to IKEA, North Lakes Westfield, Costco and Bunnings.
8. 25-minute drive to Brisbane Airport, supporting travel and logistics.
9. Well-presented complex that provides a relaxing environment for residents.
10. Very well-run operations, with all procedures documented.
11. Supportive, highly engaged Body Corporate.
12. Low tenant turnover across 49 lettings in the pool, reducing inspection and paperwork burden.
