Central CBD Gladstone Location - Easy Management Rights - 1P5122MR
Management Rights $589,000
EXCLUSIVE TO CRE BROKERS. Very centrally located and well-presented modern corporate accommodation complex with 2 and 3 bedroom townhouses.
Harbour views, very low maintenance and no requirement to live on-site.
Manager's unit can be rented out for extra income and manager can live elsewhere.
TOTAL NUMBER OF UNITS : 16
UNITS IN LETTING POOL : 11
NET PROFIT : $71,000 (Covid year)
MANAGER'S RESIDENCE : 3 bed, 2 bath plus extra toilet
REAL ESTATE PRICE : $ 299,000
BUSINESS PRICE : $ 290,000
TOTAL ASKING PRICE : $589,000
Price: Management Rights $589,000
Net Profit: $115,000 Remuneration / Body Corp Salary: $24,000Body corp salary review: Fixed %
Managers UnitValue of Managers Apartment: $250,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title
Complex InformationComplex Type: HolidayTotal Units in Complex: 16Total Units in Letting Pool: 11Holiday Units: 11Owner Occupy Units: 2Outside Agent Units: 1Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Fraser Coast