North Lakes, Queensland
PRIME PICK! SLICK AND WELL-RUN PERMANENT MLR WITH 24 YEAR TERM & $200K P.A. | Resort Brokers ID : MR008353
$1,546,667
Business Description
A top choice for newcomers or experienced managers looking to upsize or expand their income.
This management rights and associated real estate in North Lakes is a sound and smart business investment that gives you a decent income, good security, and plenty of flexibility.
The well-run and beautifully maintained complex will be a breeze to take on, with a supportive committee recently topping up the agreements. It has 24 years on the term and provides a base BC salary circa $130K with 3% annual CPI increase. There are no set office hours and no requirement to live onsite, though you can opt to live in the spacious three-bed manager’s residence if desired or rent it out for extra income.
Either way, with a net of over $200,000 per annum, this is a prime investment opportunity that all buyers should be quick to consider.
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Brand new Caretaking & Letting Agreements with 24 years remaining
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Fully established, permanent MLR with $200,000+ net profit
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No set office hours allowing freedom to operate to meet your needs
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Great BC Salary circa $130,000 p.a. with annual 3% CPI renewal
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Quality onsite facilities of swimming pool with BBQ seating area
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Option to live in or rent outthelarge 3-bed manager’s townhouse
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Supportive committee, good business setup with reliable handover
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Peaceful location with easy access to transport, shops & top schools
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Ideal opportunity forthefamily to earn a big income & live in a great community
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Inspections are by appointment only
Date updated: 10 Oct 2024 13:46:29
Business Summary
Business Snapshot
Price: $1,546,667
Net Profit: $200,156 Remuneration / Body Corp Salary: $129,427
Managers Unit
Value of Managers Apartment: $610,000Bedrooms: 3Bathrooms: 2Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 77Total Units in Letting Pool: 25Owner Occupy Units: 46Outside Agent Units: 4Agreement Term Remaining: 24 years