Deception Bay, Queensland

MODERN TOWN HOUSE COMPLEX IN A FANTASTIC BAYSIDE LOCATION | Resort Brokers ID : MR006687

$1,095,025

Property Description

Ideal management rights business for a first-time buyer looking to enter the management rights industry. Large 3 bedroom manager's unit on offer with no requirement to live on-site which means you can rent this out for extra income. The committee has been very supportive of the current manager and the agreements were topped up to a full 25
year term in March 2021 demonstrating a strong relationship. This complex offers affordable townhouses that are extremely attractive to tenants and are always in high demand.



  • Just topped up, full 25 years remaining

  • Large 3 bed, 2.5 bathroom manager's unit with office attached

  • No requirement to live onsite and no set office hours

  • Solid Body Corporate Salary with a 3% increase annually and 56% off total income

  • Highly sought-after location with strong rental demand

  • Supportive Body Corporate

  • Easy caretaking workload

  • Property inspections are by appointment only

Date updated: 26 Jul 2021 13:00:13

Property Summary

Business Snapshot

Price: $1,095,025 Net Profit: $142,005 Remuneration / Body Corp Salary: $73,915

Managers Unit

Value of Managers Apartment: $385,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 55Total Units in Letting Pool: 42Holiday Units: 42Owner Occupy Units: 12Agreement Term Remaining: 25 years
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