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

Complex Information

Marketing Agent

David Jiang

0481500....

Next Business & Property Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Asking price $1,820,000 for business only, no pool and no gate.
2. Large verified income $313,798, confirmed by an industry specialist accountant.
3. Centrally located in leafy Kallangur and Petrie on Brisbane Northside, 10 minutes to IKEA, North Lakes Westfield, Costco and Bunnings.
4. 25 minute drive to Brisbane Airport, 30 minute drive to Brisbane CBD, offering strong regional accessibility.
5. Two management rights being sold, located seven minutes riding distance from each other, providing operational synergies.
6. Long accommodation module agreement with 22 plus years remaining of a 25 year term, indicating long-term stability.
7. Attractive remuneration $174,703 with annual CPI adjustments, offering predictable income growth.
8. Well-run operation with all procedures documented, reducing owner transition risk and training time.
9. Supportive and highly regarded body corporate, easing stakeholder relations and operations.
10. Well-presented complex that provides a relaxed environment, enhancing tenant and resident appeal.
11. Low tenant turnover across 49 lettings in the pool, minimising inspections and administrative workload; no office hours, no real estate association, simplifying management obligations.