Wakerley, Queensland
Permanent GEM and Great Low-set Residence in Bayside Brisbane
$1,559,000
Business Description
- Centrally located in the Leafy suburb of Wakerley, Brisbane Bayside
- Solid Permanent MR with Net Income $153,058
- Great manager remuneration $86,548 with annual adjustment of CPI or 5% every March
- 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 24 years left on a 25 years accommodation module
- 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 lowset residence, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms, two bathrooms, double garage with additional driveaway parking and a large rear patio and entertaining backyard area
- Well-presented on-title detached office
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
If you want to buy a great management right business and beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
Business Summary
Key Investment Insights
1. Centrally located in the leafy suburb of Wakerley, providing a desirable and peaceful living environment for tenants.
2. Solid permanent management rights business with a net income of $153,058, providing a stable and reliable source of income.
3. Great manager remuneration of $86,548 with annual adjustments of CPI or 5% every March, ensuring a steady increase in income.
4. Well-presented complex with attractive landscaping and amenities, creating a pleasant and relaxing atmosphere for tenants.
5. Efficiently run business with all procedures documented, making it easy for new owners to take over and manage.
6. Supportive and fantastic body corporate, making it easier for managers to maintain the complex and provide a high level of service to tenants.
7. Long agreement with 24 years remaining on a 25-year accommodation module, providing long-term security for the business.
8. Small letting pool, allowing for a more manageable workload and a more relaxed lifestyle for managers.
9. Low turnover of tenants, resulting in minimal inspections and paperwork for managers.
10. Modern and spacious manager residence with three bedrooms, two bathrooms, and a large outdoor entertaining area, providing a comfortable and desirable living space for managers.
11. Well-presented on-title detached office, providing a professional and convenient workspace for managers.
12. Ideal for a family or semi-retired couple looking for a solid income and great lifestyle, making it a desirable business for a wide range of buyers.
