Morayfield, Queensland

$1,165,000

Property Description

Owners must sell - showing 17% ROI with plenty of upside potential | Resort Brokers ID : MR006398

Here is your opportunity to own a permanent Management Rights in North Brisbane offering a solid income underpinned by a healthy Body Corporate Salary along with a very affordable manager's unit that can be rented out for extra income.



  • Permanent complex of 104 lowset villas with 46 in the letting pool

  • Solid Body Corporate Salary of $117,070

  • Affordable manager's unit - $255,000

  • Ability to rent out (circa $15,000 in additional income)

  • No requirement to live onsite

  • No office hours

  • Long agreements 22 years remaining

  • Peaceful leafy location

  • Property inspections are by appointment only

Date updated: 26 Oct 2020 23:00:06

Property Summary

Business Snapshot

Price: $1,165,000 Net Profit: $200,537 Remuneration / Body Corp Salary: $117,070

Managers Unit

Value of Managers Apartment: $255,000Bedrooms: 3Bathrooms: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 104Total Units in Letting Pool: 46Holiday Units: 46Owner Occupy Units: 49Outside Agent Units: 9Agreement Term Remaining: 22 years

Marketing Agent


Marketing Agency

ResortBrokers

Alex Cook
ResortBrokers

Phone

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Property Map

Map Location ( get directions )

Morayfield, Queensland 4506 Exact map location not provided

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