Mount Gravatt, Queensland
Solid Income and Easy Permanent MR in Brisbane Southside
Under Contract / Offer
Business Description
This is an outstanding opportunity to buy management rights in Mt Gravatt East on the ever-popular Brisbane Southside.
Nestled in a prime quiet location, only walking distance to Mount Gravatt Plaza and Mount Gravatt Homemaker Centre, easy access to Westfield Garden City and Westfield Carindale, public transport, close to schools, parks & much much more; Only a short commute to Brisbane CBD, about 10km.
- Asking $389,800 on MR Business with a Net Profit of $90,636
- Manager Lot to be on the latest Valuation by Bank Panel Industry Valuer
- Centrally located in the Leafy suburb of Mt Gravatt East, Brisbane Southside
- 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 20 years left on a 25 years accommodation module
- Great remuneration $70,948 with annual adjustment of CPI or 3%, which is greater
- Small letting pool 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 two-storey townhouse, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms and a large rear patio and entertaining backyard area
- Well presented on-title office, no office hour
- Manager Unit has been tenanted with a weekly rent of $620
- 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 great lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team, Exclusive Agency.
Business Summary
Key Investment Insights
1. Asking price $389,800, listed as a management rights business with reported net profit $90,636.
2. Manager remuneration $70,948 per year, with annual escalation of CPI or 3 percent, whichever is greater.
3. Long accommodation agreement remaining, 20 years left on a 25 year module, providing long-term income security.
4. Manager lot to be set at latest valuation by a bank panel industry valuer, indicating formal valuation process for the unit.
5. Prime quiet Mt Gravatt East location on Brisbane Southside, approximately 10 km to Brisbane CBD.
6. Short walking distance to Mount Gravatt Plaza and Mount Gravatt Homemaker Centre, with easy access to Westfield Garden City and Westfield Carindale and public transport.
7. Small letting pool and very low tenant turnover, implying minimal inspections and reduced administrative workload.
8. Well-run business with all procedures documented, suggesting smooth operational handover and consistent management.
9. Very supportive and fantastic Body Corporate, indicating cooperative governance and easier stakeholder relations.
10. Modern, large two-storey manager residence on title, three bedrooms, spacious living and dining, open plan kitchen, large rear patio and entertaining backyard.
11. On-title office is well presented with no office hours, offering flexibility in work arrangements.
12. Manager unit currently tenanted at $620 per week, providing immediate rental income; positioned as ideal for a family or semi-retired couple seeking solid income and lifestyle.
