Morayfield, Queensland

$1,158,000

Property Description

Good Permanent Management Rights with the BEST Manager Residence

Great Complex
The Phillip Usher built units are in excellent order and the standard of the tenants is very high. The occupancy is 100%. This complex is in a high growth location just a short drive to the massive Morayfield Shopping Centre and 30 minutes to the ever popular Bribie Island.
This complex is located at the end of a quiet street just a few minutes drive from the giant Morayfield Shopping Centre and from the Morayfield railway station. This is a strong rental area because of continued growth and employment opportunities.
Facilities: Gym, Pool and adjoining common entertainment area, Visitor parking, Security gates, Ample storage sheds, No BBQ

Handy Location
Morayfield is a suburb of Caboolture, 44 kms north of Brisbane, the state capital of Queensland, Australia. Its local government area is the Moreton Bay Region.
Morayfield is a mostly residential area, consisting mainly of low-set brick homes and some semi-rural acreage. The main commercial area is concentrated along Morayfield Road and includes the Morayfield Shopping Centre, Bunnings, BCF and Harvey Norman to name but a few.
Morayfield railway station provides access to regular Queensland Rail services to Brisbane and Ipswich, as well as Caboolture and the Sunshine Coast.

Long Agreement
22 years left on agreements
The caretaking and all running costs are supplied by the Body Corp.

Great Manager Residence
A top of the range stand alone four bedroom, two bathroom residence on a large secure fenced block with a two car lock up garage plus a concreted vehicle space within the secure fenced area. Features include a formal lounge, an open plan kitchen/dining/family room which opens onto the private use swimming pool area. The large easy care garden is ideal for family and a pet. There are quality fittings throughout. The office is attached on title with a separate entrance to the residence.

If you want to buy a solid income and lifestyle business, it ticks all your boxes, please book your inspection immediately with our NEXT team.

Property Summary

Business Snapshot

Price: $1,158,000 Net Profit: $153,855 Remuneration / Body Corp Salary: $59,277Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $435,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 0Total Units in Letting Pool: 45Permanent Units: 45Owner Occupy Units: 5Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 YEARS yearsPool: YesGym: Yes

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Map Location ( get directions )

Morayfield, Queensland 4506 Exact map location not provided

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