Ellen Grove, Queensland

Not Required to Live Onsite

SOLD

Property Description

• A 7 years young modern quiet complex
• Desirable permanent letting management rights for managers
• Not required to live onsite
• No office hours & No facilities
• Minimum lawn area to maintain
• Most of the owners are interstate investors
• The current net profit over $243K including body corporate guaranteed salary over $100K
• 23 years remain on Management Rights agreements

Property Summary

Business Snapshot

Price: SOLD Net Profit: $243,003 Remuneration / Body Corp Salary: $100,736Body corp salary review: CPI Annually

Managers Unit

Complex Information

Complex Type: n/aTotal Units in Complex: 76Total Units in Letting Pool: 67Permanent Units: 67Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Marketing Agent
Paul Wang
Paul Wang

CeCe Chen
CeCe Chen

Onsite Management Rights

Onsite Management Rights

Listing location
Gallery

This property is sold

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