Kelvin Grove, Queensland
Kelvin Grove Add-on - 1P6137MR
Management Rights $199,000
Business Description
EXCLUSIVE TO CRE BROKERS. Small and simple 'add-on' Management Rights business in the heart of Kelvin Grove, very close to Kelvin Grove Urban Village and QUT campus.
The property comprises 19 units, 7 of which are in the letting pool. There is virtually no gardening involved as the common areas are mostly tiled and concreted, hence simple to look after.
The current manager has held this business since the complex was built and there are 20 years remaining on the Agreements. You could add this on to your existing portfolio or, if you're a beginner, start with this one and work from home.
TOTAL NUMBER OF UNITS: 19
UNITS IN LETTING POOL: 7
NET PROFIT: $36,410
MANAGERS RESIDENCE: Not applicable
REAL ESTATE PRICE: Not applicable
Business Summary
Complex Information
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/BrisbaneKey Investment Insights
1. Small and simple 'add-on' Management Rights business in a prime location in Kelvin Grove.
2. Close proximity to Kelvin Grove Urban Village and QUT campus.
3. Low maintenance property with mostly tiled and concreted common areas.
4. Long-standing manager with 20 years remaining on Agreements.
5. Potential for a beginner to start with this business and work from home.
6. Total of 19 units in the complex with 7 in the letting pool.
7. Net profit of $36,410.
8. No managers residence.
9. Real estate price not applicable.
10. Additional features include management rights and prime location in QLD's Gold Coast/Brisbane area.
