Wynnum West, Queensland
Permanent Management Rights for Sale in Wynnum West – ID 9180
$1,590,000
Business Description
Permanent Management Rights for Sale
Spacious Free-Standing House in a Prime Location
- High Net Profit: $186,752 per annum.
- Spacious Manager’s Office: Included on title and extremely large.
- Letting Pool: Comprises 18 permanent rentals, ensuring manageable operations.
- Effortless Caretaking: Simple tasks with no set office hours, giving you flexibility for other pursuits or leisure.
- Attractive Body Corporate Salary: $114,721 plus GST, with guaranteed annual increases of at least 3% or CPI (whichever is higher), providing stable income growth.
- Magnificent Manager’s Residence: A rare, freestanding large house featuring 3 bedrooms, 2 bathrooms, 2.5 car accommodation, a huge courtyard, and ample storage.
- Future Value: The house alone is expected to appreciate significantly in value in the near future.
- Prime Location: Extremely convenient, with schools, shopping centres, public transport, medical facilities, and parks all within walking distance.
- Genuine Reason for Sale: Due to family circumstances, this incredible opportunity is now on the market.
- Asking Price: $1,590,000, including the spacious, independent house.
Live your best life, work less, and earn more in a fantastic environment.
This is a truly exceptional business opportunity paired with a magnificent residence - there’s nothing to fault here.
Stop searching - you won’t find another opportunity like this for at least a decade.
Call Bill He on ---------- now to secure it. Be quick before it’s gone!
Net Profit: $186,752
Asking Price: $1,590,000
(Inclusive of Managers Real Estate)
For further information or to arrange an inspection of this business opportunity contact:
Management Rights Broker
Bill He
Property Code: 950
Business Summary
Business Snapshot
Price: $1,590,000
Net Profit: $186,752 Remuneration / Body Corp Salary: $114,721Business Value: $770,000
Managers Unit
Value of Managers Apartment: $820,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On TitleFreestanding house with 3 bedrooms, 2 bathrooms, and 2.5 car accommodation
Complex Information
Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: Yes
Key Investment Insights
Key Features:
- High net profit of $186,752 per annum
- Spacious manager's office included on title
- 18 permanent rentals in the letting pool for manageable operations
- Effortless caretaking with no set office hours
- Attractive body corporate salary of $114,721 plus GST with guaranteed annual increases
- Magnificent manager's residence with 3 bedrooms, 2 bathrooms, and 2.5 car accommodation
- Potential for future value appreciation
- Prime location within walking distance to schools, shopping centres, and public transport
- Genuine reason for sale due to family circumstances
- Asking price of $1,590,000, including the spacious, independent house
Business Snapshot:
- Price: $1,590,000
- Net Profit: $186,752
- Remuneration/Body Corp Salary: $114,721
Managers Unit:
- Value of Managers Apartment: $820,000
- Bedrooms: 3
- Bathrooms: 2
- Car Spaces: 3
- Office: On title
- Freestanding house with 3 bedrooms, 2 bathrooms, and 2.5 car accommodation
Complex Information:
- Complex Type: Permanent
- Agreement Module: Accommodation
- Agreement Term: 25 years
- Agreement Term Remaining: 23 years
- Pool: Yes
Management Rights Multiplier:
4.12
ROI Estimate:
11.75%
