Ascot, Queensland

Easy As This One !!

Price Guide $950,000

Property Description

Great location and not too big! Just right for the newcomer to Management Rights.

This building is a combination of apartments and townhouses. Located in Ascot and only a two minute drive from the popular cafe areas of racecourse road and Hamilton portside.
• Established modern, inner city permanent complex.
• With only 35 units in the complex the body corporate salary of $59,864 is very generous especially when you consider there is only about 20 hours of caretaking per week.
• There are no set office hours.
• The office is located away from the manager's unit and is exclusive use.
• Almost all the income comes from the core stream of body corporate salary and letting commissions.
• There is good scope for new management to build the bottom line as the new building next door has also become a solid income stream.
• The relationship with the committee is good, with the current manager given a good amount of autonomy to do their job.
• The caretaking and letting agreements currently sit at 20 years, providing excellent security.
• Gallery Vie updated done.
• Handy to bus, rail and city cat.
• Close access to M1, Airport, DFO, Goldcoast & Sunshine Coast.
• Five minute walk to the new Woolworths Village & shopping complex.
• We simply cannot think of anything negative to say about this property.
• All the hard work is done, painting, compliance etc.

An ideal management rights for someone wanting to semi-retire or for the new entrant to the MR industry!!

Property Summary

Managers Unit

Complex Information

Total Units in Complex: 0
Marketing Agent
David Janett
David Janett

David Jiang
David Jiang

Next Business & Property Sales

Next Business & Property Sales

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Quiet Townhouse Complex
Onsite Management Rights
Quiet Townhouse Complex

TAIGUM

Under Contract / Offer

Net Income: $121,974
Managers Estate: $440,000 3 Bed 2 Bath
Letting Pool: 17
Remuneration: $96,000

Caretaking only Management Rights with income over $130k. | Resort Brokers ID : MRC006741
ResortBrokers
Caretaking only Management Rights with...

BELLBOWRIE

$957,000

Net Income: $130,814
Managers Estate: $499,000 2 Bed 2 Bath
Letting Pool: 1
Remuneration: $130,814

Yeppoon - Ocean View Management Rights - 1P5372MR
Edge of Town Beauty, Toowoomba Leasehold Motel | Resort Brokers ID : LH006963
Lake Wallace Hotel - 1P5370
Blue Whale Motor Inn & Apartments - 1P5368M
2677MF - A LIFESTYLE RESORT AND BUSH RETREAT ‘OFF THE GRID’
Business For Sale - Large Permanent Management Rights - ID 7992 BL
BIG 4 HERVEY BAY HOLIDAY PARK
Management/Letting Rights Complex in Park Ridge - close to Browns Plains Shopping and Commercial Hub - 1P5367MR
OUTSTANDING LARGE SCALE CARAVAN PARK IN CENTRAL QLD FOR SALE!
Blue Chip Permanent Management Rights in Australia's Beef Capital City Hot Spot - 1P4271MR
Rare DA approved site in thriving coastal regional town demands your attention! | Resort Brokers ID : FH006958
EXCELLENT OPPORTUNITY FOR A NEW LEASEHOLD MOTEL IN NSW SOUTH COAST
The best property in Port Macquarie - An outstanding investment opportunity | Resort Brokers ID : MR006942
Excellent location, well maintained, this business will impress  | Resort Brokers ID : MR006957
Caretaking Only! Off the Plan! No real estate to purchase! | Resort Brokers ID : OTP006943
The best property in Port Macquarie - An outstanding investment opportunity | Resort Brokers ID : FH006962
Permanent business only management rights brisbane northside | Resort Brokers ID : MRB006964
83HF - 100 YEAR ANNIVERSARY 2024, GET ON FOR A RIDE BACK IN HISTORY