Strathpine, Queensland

Wonderful Starter Complex For A Family

SOLD

Business Description

This is a great opportunity to dig your teeth into an easy starter complex. No fuss vendors and long term tenants the current owners have been onsite for over twelve years. Low amount of work required, just two hours a day five days a week. To top it off the BC salary has an annual increase of 5%!

The opportunity includes:
* Generous six bedroom family home, plus three bathrooms and three car parks. The original potato farmhouse.
* Twelve permanent rentals
* Walk to city train and buses.
* Close to Strathpine Central and the to be complete University (2020). This will become a higher demand area for students, lecturers etc.

Please contact Haydn Meyer on ---------- or ---------- .

Business Summary

Business Snapshot

Price: SOLD Net Profit: $66,500 Remuneration / Body Corp Salary: $54,873

Managers Unit

Value of Managers Apartment: $439,000Bedrooms: 5

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 12Owner Occupy Units: 22Agreement Term Remaining: 23 years years
Marketing Agent

Key Investment Insights

1. Easy starter complex with no fuss vendors and long term tenants.
2. Low amount of work required, only two hours a day five days a week.
3. Annual increase of 5% in BC salary.
4. Generous six bedroom family home with three bathrooms and three car parks.
5. Twelve permanent rentals included in the opportunity.
6. Close proximity to city train and buses.
7. Potential for increased demand with the completion of a nearby university in 2020.
8. Managers unit valued at $439,000 with five bedrooms.
9. Complex consists of 38 units with 12 in the letting pool.
10. Long agreement term remaining of 23 years.

Management Rights Multiplier: 2.98
ROI Estimate: 33.59%

Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights, Management Rights For Sale

You may also like

Modern Management Rights Opportunity – Bridgeman Downs
Ras360
Modern Management Rights Opportunity –...

BRIDGEMAN DOWNS

$500,000 - Business Only

Net Income: $85,774
Managers Estate: - - Bed - Bath
Letting Pool: 64
Remuneration: $85,774

OFF THE PLAN PERMANENT MANAGEMENT RIGHTS | LITTLE EAGLE NUDGEE BY PEET
RCA Management Rights
OFF THE PLAN PERMANENT MANAGEMENT RIGHTS |...

NUDGEE

BUSINESS $650,000+GST + $OPTIONAL MANAGERS LOT

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

New Mango Hill OTP
Ras360
New Mango Hill OTP

MANGO HILL

Under Contract / Offer

Net Income: $125,046
Managers Estate: - - Bed - Bath
Letting Pool: 31
Remuneration: $34,100

Dual Waterfront Off-The-Plan Opportunity - Under Construction Now | Resort Brokers ID : OTP008112
ResortBrokers
Dual Waterfront Off-The-Plan Opportunity -...

SCARBOROUGH

Under Contract / Offer

Net Income: $187,002
Managers Estate: - - Bed - Bath
Letting Pool: 16
Remuneration: $143,200

INDUSTRIAL/RESIDENTIAL CARETAKING PORTFOLIO IN BRISBANE
RCA Management Rights
INDUSTRIAL/RESIDENTIAL CARETAKING PORTFOLIO...

CHERMSIDE

$550,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

MR only next to Chermside Shopping Centre
Ras360
MR only next to Chermside Shopping Centr...

604 / 20 playfield street CHERMSIDE

Under Contract / Offer

Net Income: $107,944
Managers Estate: - - Bed - Bath
Letting Pool: 60
Remuneration: $100,944

Newly Converted FHGC Motel in Central Manukau City
Rare Wynnum Business Only Management Rights - $101k+ net profit | Resort Brokers ID : MRB008510
Circa 1928
Devine DeVille, a prime mixed Management Rights footsteps from the beach. | Resort Brokers ID : MR008491
FREEHOLD - Murrayland Holiday Apartments, Mildura VIC - 1P0472
Large $500k Perm Management Rights Coomera ROI% over 13.8%
Large Income, Huge Remuneration, Business Only Permanent GEM in Southside Brisbane
Business Only, 5% Remuneration Increase, 24 Years Permanent @ Inner City East
A Great Starting Opportunity Into The Motel Industry - 2642ML
Acquire a Prime Investment in stunning Hervey Bay! | Resort Brokers ID : MR008508
Iconic Australian Hotel Winton – Liquidator Sale, Expressions of Interest | Resort Brokers ID : INV008514
Prime Mangement Rights Opportunity in Northern GC growth corridor - NOP $449K+ | Resort Brokers ID : MR008501
High-Yield Management Rights Opportunity on Chevron Island
Easy Care Complex in Capalaba - Business Only
Robina Permanent Management Rights with Stunning Residence
Rare Opportunity For Hands-On Operator - 2851ML
Iconic Island Resort – Your Perfect Tropical Business
Waterfront, New 35 Year Lease, High ROI in Hervey Bay