Morayfield, Queensland
New Agreements, Easy to manage Northside MR netting over $190,000
$775k MR & $535k Unit = Total $1.31M
Business Description
The Avenues is a welcoming, semi-modern townhouse complex in the relaxed suburb of Morayfield, just north of Brisbane. Here, you’ll find a well-kept community of 104 residences, made up of 52 two-bedroom units, 51 three-bedroom townhouses, and a comfortable on-site manager’s unit.
The business is straightforward and enjoyable to run, with 20 permanent-let units in the letting pool, 6 managed by outside agents, and the remainder owner-occupied. It’s the kind of complex where neighbours know each other, and the pace is calm, making it an ideal environment for both residents and managers.
The manager’s unit sits towards the centre of the complex and is a single-level detached townhouse that’s both practical and private. With three bedrooms, one bathroom, and a single garage, it’s an easy home to enjoy. The office/reception is attached and on title, giving you the convenience of working from home while keeping business and personal life neatly separated. The total internal space is 152 sqm, plus a generous 315 sqm of surrounding land on title.
Residents have access to great shared facilities, including a swimming pool, recreation area, dog walking space, and plenty of visitor parking. These amenities, combined with tidy common areas and on-site management, make The Avenues a sought-after place to live.
Agreements will be new, fully topped up 10 year agreements for the incoming buyer due to module change, this is a secure investment with strong lifestyle appeal. A great starter or perfect add-on business. The manager’s unit is priced well at $535,000, and the management rights at $777,539 – a great opportunity for those looking to combine work, home, and community in one appealing package.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $775k MR & $535k Unit = Total $1.31M
Net Profit: $199,369 Remuneration / Body Corp Salary: $141,747
Managers Unit
Bedrooms: 3Bathrooms: 1Car Spaces: 1Complex Information
Complex Type: PermanentTotal Units in Complex: 104Total Units in Letting Pool: 20Owner Occupy Units: 80Outside Agent Units: 6Agreement Term: 10 yearsAgreement Term Remaining: 10 years
Key Investment Insights
1. The business is located in a relaxed and well-maintained townhouse complex in Morayfield, just north of Brisbane.
2. The complex has a total of 104 residences, with 20 units in the letting pool and the remainder being owner-occupied.
3. The manager's unit is a single-level detached townhouse with three bedrooms, one bathroom, and a single garage.
4. The office/reception is attached and on title, allowing for the convenience of working from home.
5. The complex offers great shared facilities, including a swimming pool, recreation area, and dog walking space.
6. The agreements for the business will be new, fully topped up 10-year agreements for the incoming buyer.
7. The business has a strong net profit of over $190,000, with a remuneration/body corp salary of $141,747.
8. The total price for the business and manager's unit is $1.31 million.
9. The complex is a sought-after place to live, making it an appealing investment opportunity.
10. The business is easy to manage and would be a great starter or add-on business for those looking to combine work, home, and community.
