Agnes Water, Queensland

Management Rights & Rent Roll in the Birthplace of Queensland - 1P4288MR

Management Rights $1,000,000

Property Description

Live and Work in Paradise - Beachfront living - Exclusive to CRE Brokers.

Well established Business in dream location. Very few Body Corp responsibilities – a pool and garden path. No lawns, no BBQ, no gym, etc. Opportunity to grow the business. Full license required. Great Body Corp.

19 years remaining with Top-up & Gallerie Vie on agenda for Feb AGM

TOTAL NUMBER OF UNITS : 14 in the building
UNITS IN LETTING POOL : 10 in the building plus 52 external properties

MANAGER'S RESIDENCE : Ground floor 3 bedroom, 2 bathroom unit with private use courtyard and garden.

NET PROFIT $170,000 (2016/17)

REAL ESTATE PRICE : $400,000
BUSINESS PRICE $600,000
TOTAL ASKING PRICE $1,000,000

Property Summary

Business Snapshot

Price: Management Rights $1,000,000 Net Profit: $170,000 Remuneration / Body Corp Salary: $43,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 3Bathrooms: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: n/aTotal Units in Complex: 14Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 2Outside Agent Units: 1Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS
Marketing Agent
Ronnie Slebos
Ronnie Slebos

Listing location
Gallery

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