Manly West, Queensland

Solid, Lifestyle, Permanent GEM in Bayside Brisbane

$983.8k/4.8 times MR + $920k 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

Complex Information

Marketing Agent

David Jiang

0481500....

Next Business & Property Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net income $204,969, business component priced at $983,850, manager residence valued at $920,000, total asking $1,903,850.
2. Manager remuneration $163,713 with annual CPI adjustment each January, providing predictable income growth.
3. Long-term security with 22 years remaining on a 25-year accommodation module.
4. Small letting pool of 15 lets, supporting a low-maintenance, lifestyle-focused operation.
5. Low tenant turnover, minimising inspections and administrative workload.
6. Centrally located in leafy Manly West on Brisbane Bayside, close to Wynnum/Manly Esplanade and Manly Harbour.
7. Excellent transport access, near major arterial roads, trains and buses, with easy reach to Cleveland, CBD, Port of Brisbane, airport and Gateway Motorway.
8. Walking distance to Wondall Road Village, cafes, restaurants, public transport and quality schools, boosting resident amenity and appeal.
9. Well presented residential community and complex, described as immaculately maintained and providing a relaxed environment.
10. Strong operational systems, with all procedures documented and a highly supportive Body Corporate.
11. Modern, large lowset manager residence with three bedrooms, two bathrooms, spacious living areas, single garage, extra driveway parking, large rear patio and entertaining backyard.
12. On-title detached office included, enhancing operational convenience and professional presentation.