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Other9mo

$566k on MR Bus and Manager Lot on Valuation
recomendation icon Within Budget

Eight Mile Plains, QLD, 4113, Australia

Studio
Map of the surrounding area
Nearest stations
Runcorn
1.3KM (16 mins)
Fruitgrove
1.3KM (16 mins)
Altandi
1.6KM (20 mins)
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About this Property

This is an outstanding opportunity to buy management rights in Eight Mile Plains on the ever-popular Brisbane Southside. Located close to major arterial roads, trains and bus transport providing easy access to Brisbane and the Gold Coast.

- Asking $566,000 on MR Business with a Net Profit of $127,019
- Plus Manager Lot on the latest Valuation by Bank Panel Industry Valuer
- Centrally located in the Leafy suburb of Eight Mile Plains, Brisbane Southside
- 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 23 years left on a 25 years accommodation module
- Great manager remuneration $88,598 with annual adjustment of CPI every July
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic manager residence
Large low-set villa, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms and a large rear patio and entertaining backyard area
- Large on-title office, no office hour
- Minutes walking to Warrigal Road State School, Runcorn Plaza and Woolworths Eight Mile Plains
- Current manager family has been there for more than 10 years, a good handover will be made to a new manager
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle

If you want to buy a solid management right business and great lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team, Exclusive Agency.

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Buying as an investment property?

We can advance 2 years of rental income upfront.
On any investment property

Investors can receive up to $10,000^ in 48 hours

^estimated from $0/week rent* over 2 years

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Only pay back when rent is received

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* Estimated based on 4% annual rental yield and a $0 property value. Weekly rent estimated at $0 ($0 ÷ 365 x 7 days). Prepayment capped at $100,000. Subject to approval.

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David Jiang

Next Realty
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More Details on , Eight Mile Plains QLD

How many bedrooms and bathrooms does , Eight Mile Plains have?

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, Eight Mile Plains is a studio property

Who is the agency that listed , Eight Mile Plains?

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The agency who listed , Eight Mile Plains is Next Realty - you can contact the agents here.

How many car spots does , Eight Mile Plains have?

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There were no car spots found on the listing for , Eight Mile Plains.

How much is , Eight Mile Plains?

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The price of , Eight Mile Plains is $566k on MR Bus and Manager Lot on Valuation - contact the agents to find out more.