Wakerley, Queensland
Permanent GEM and Great Low-set Residence in Bayside Brisbane
4.2 Times MR + Large Villa MU @ $1.563mil ONO
Business Description
MLR Business Asking for $643,000 on Net Income $165,000
Manager Residence is a large low-set villa at $920,000 as per Latest Valuation by Industry Valuer in March 2025
- Centrally located in the Leafy suburb of Wakerley, Brisbane Bayside
- Solid Permanent MR with Net Income $165,039
- Great manager remuneration $88,119 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 23 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. Located in the desirable and leafy suburb of Wakerley, Brisbane Bayside
2. Solid permanent management rights business with a net income of $165,039
3. Manager remuneration of $88,119 with annual adjustments
4. Well-presented complex with a relaxing environment
5. Efficiently run business with documented procedures
6. Supportive and fantastic body corporate
7. Long agreement with 23 years remaining on a 25-year accommodation module
8. Small letting pool for a more manageable workload
9. Low turnover of tenants, reducing inspections and paperwork
10. Modern and spacious manager residence with a large backyard and entertaining area
11. On-title detached office in good condition
12. Ideal for a family or semi-retired couple seeking a solid income and great lifestyle.
