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