Sunnybank Hills, Queensland
Sold Income, Great Location, No living-onsite Requirement in Sunnybank Hills
$1,113,330
Business Description
This is an outstanding opportunity to buy management rights in Sunnybank Hiils on the ever-popular Brisbane Southside. Nestled in a prime quiet location, only short riding to Sunnybank Hills and Calamvale Shopping Centre, close to public transport, schools, parks. Located close to major arterial roads, trains and bus transport providing easy access to Brisbane and the Gold Coast.
- Asking $483,330 on MR Business with a Net Profit of $96,666
- Manager Lot at $630,000
- Centrally located in the Leafy suburb of Sunnybank Hills, 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 manager remuneration $60,919 with annual adjustment of CPI
- There is no gate, no pool, no BBQ in the complex
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic manager residence
Large two-storey, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms and a large rear patio and entertaining backyard area
- Manager Residence has been tenanted at $600 weekly
- Large on-title office, no office hour
- In the school catchment of Sunnybank Hills State School
- 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. Located in the popular and sought-after suburb of Sunnybank Hills on Brisbane's Southside.
2. Centrally located close to major arterial roads, public transport, schools, and shopping centers.
3. Well-presented complex with a peaceful and quiet location.
4. Strong and consistent net profit of $96,666 with a manager lot at $630,000.
5. Long 20-year agreement with 25 years remaining in the accommodation module.
6. Great manager remuneration of $60,919 with annual CPI adjustments.
7. Body corporate is supportive and easy to work with.
8. No gate, pool, or BBQ in the complex, reducing maintenance and expenses.
9. Low turnover of tenants, minimizing inspections and paperwork.
10. Modern and spacious manager residence with a rental income of $600 per week.
11. Large on-title office with no office hours required.
12. Located in the school catchment of Sunnybank Hills State School.
13. Ideal for a family or semi-retired couple looking for a solid income and great lifestyle.
