Manly West, Queensland
Solid, Lifestyle, Permanent GEM in Bayside Brisbane
$983.8k/4.8 times MR + $900k Unit
Business Description
This is an outstanding opportunity to buy management rights centrally in Manly West on the ever-popular Brisbane Bayside. Located close to major arterial roads, trains and bus transport providing easy access to the Wynnum/Manly Esplanade/Cleveland, CBD and the Port of Brisbane, Airport and Gateway Motorway.
The community is an immaculately presented residential community, located in a quiet spot just off Wondall Road, Manly West. Walking to Wondall Road Village and within footsteps of popular cafes, restaurants, public transport, and quality schools close by; Short riding to Manly Harbour, Wynnum Jetty.
Net Income $204,969 for $983,850
Manager Residence at $920,000
Totally Asking $1,903,850
• Centrally located in the Leafy suburb of Manly West, Brisbane Bayside
• Solid Permanent MR with Net Income $204,969
• Great manager remuneration $163,713 with annual adjustment of CPI every January
• 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
• Small letting pool (15 Lettings in total) to give you an undisturbed lifestyle
• The turnover of tenants is very low, keeping inspections and paperwork to a minimum
• Modern and fantastic manager residence
Large lowset residence, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms, two bathrooms, single garage with additional driveaway parking and a large rear patio and entertaining backyard area
• Well-presented on-title detached office
• 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 beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
Business Summary
Key Investment Insights
AI generated. Confirm details with the seller.
1. Net income of $204,969 supports the investment case, with manager remuneration of $163,713 adjusted annually by CPI.
2. Long 22 years remaining on the 25 year accommodation module provides extended tenure security.
3. Small letting pool of 15 properties supports a manageable, lifestyle oriented operation.
4. Low tenant turnover helps minimise inspections and administrative paperwork.
5. Documented procedures and a well run business support operational continuity for incoming owners.
6. Supportive body corporate and an immaculately presented residential community provide a favourable operating environment.
7. Modern manager residence offers three bedrooms, two bathrooms, open plan kitchen, spacious living areas and substantial outdoor entertaining space.
8. Detached on title office, single garage and additional driveway parking strengthen the onsite infrastructure.
9. Manly West provides access to Wondall Road Village, cafes, restaurants, public transport and quality schools.
10. Major arterial roads and nearby transport connect the business with the CBD, Port of Brisbane, airport and bayside destinations.
