Wynnum West, Queensland

High Net Income & Easy Duties – 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: $114,721

Managers Unit

Value of Managers Apartment: $820,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On Title

Freestanding 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

Marketing Agent

Bill He

MR Sales

Key Investment Insights

- High net profit of $186,752 per annum, providing a strong income stream for the owner.

- Spacious manager's office included on title, making it easy to manage the complex.

- The complex has a letting pool of 18 permanent rentals, ensuring manageable operations for the owner.

- Effortless caretaking duties with no set office hours, allowing for flexibility in other pursuits or leisure activities.

- Attractive body corporate salary of $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 featuring 3 bedrooms, 2 bathrooms, 2.5 car accommodation, a huge courtyard, and ample storage.

- The house is expected to appreciate significantly in value in the near future, providing potential for future capital gains.

- Prime location within walking distance to schools, shopping centres, public transport, medical facilities, and parks.

- Genuine reason for sale due to family circumstances, providing a rare opportunity for a new owner to take over this successful business.

- Asking price of $1,590,000, inclusive of the spacious, independent house.

- This is a unique opportunity to live a fulfilling lifestyle while earning a high income in a fantastic environment.

- For further information or to arrange an inspection, contact the management rights broker, Bill He.

Net Profit: $186,752

Asking Price: $1,590,000

(Inclusive of Managers Real Estate)

Property Code: 950

Management Rights Multiplier: 4.12
ROI Estimate: 24.25%