Wynnum, Queensland
Large Income, No Residing Requirement, Permanent GEM in Bayside Brisbane
Expression of Interest
Business Description
This is an outstanding opportunity to buy management rights in Wynnum on the ever popular Brisbane Bayside. Located close to major arterial roads, trains and bus transport providing easy access to the Wynnum/Manly Esplanade, CBD and only minutes to the Port of Brisbane, Airport and Gateway Motorway
The immaculately presented residential community, located in a quiet spot just off Wynnum Road, Wynnum. Built by the well-regarded developer, the complex presents so well.
- Centrally located in the Leafy suburb of Wynnum, Brisbane Bayside
- Large Permanent MR with Net Income $304,460
- Manager Residence @ $680,000 on latest valuation by Industry Specialist Valuers
- Great manager remuneration $117,949 with annual adjustment of CPI
- 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 22 years left on a 25 years accommodation module
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic manager residence
Large two storey house, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms, two bathrooms, one separate toilet, double garage and a large rear patio and entertaining backyard area
No requirement of Residing onsite, tenanted with $650 per week
- Well-presented on-title office, no office hour
- Ideal for a family or semi-retired couple looking for a solid income or experienced operator to add-on
If you want to buy a solid management right business and undisturbed lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team!
Business Summary
Key Investment Insights
1. Located in a popular and highly sought-after area in Brisbane Bayside.
2. Close to major transport links and amenities.
3. Immaculately presented residential community with a well-regarded developer.
4. Large permanent management rights with a high net income.
5. Manager's residence valued at $680,000.
6. Great manager remuneration with annual CPI adjustments.
7. Well-run business with documented procedures.
8. Supportive and fantastic body corporate.
9. Long agreement with 22 years remaining.
10. Low turnover of tenants, minimizing workload.
11. Modern and spacious manager's residence with no requirement to reside onsite.
12. On-title office with no office hours.
13. Ideal for a family or semi-retired couple looking for a solid income.
14. Opportunity for an experienced operator to add on to an already successful business.
