back to search

Large Income, No Residing Requirement, Permanent GEM in Bayside Brisbane

Expression of Interest

Wynnum, Queensland

Large Income, No Residing Requirement, Permanent GEM in Bayside Brisbane

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!

Features

Managers Unit

    Complex Information

    Business Links / Tools

    Last updated: 31st July 2023

    Summary

    Property Type
    Business
    Contract Type
    For Sale
    Location
     Wynnum
    State
     Queensland
    Price
    Expression of Interest
    Category
    • Management Rights

    Click to share

    Agency

    Next Business and Property Sales

    Next Business and Property Sales

    Contact

    David Jiang