Kelvin Grove, Queensland

Kelvin Grove Add-on

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/Brisbane

Marketing Agent

Ronnie Slebos

CRE Brokers

Key Investment Insights

1. Small and simple 'add-on' management rights business.
2. Located in the heart of Kelvin Grove, close to Kelvin Grove Urban Village and QUT campus.
3. Property comprises 19 units, with 7 in the letting pool.
4. Low maintenance property with mostly tiled and concreted common areas.
5. Current manager has held the business since the complex was built.
6. 20 years remaining on the Agreements.
7. Suitable for adding on to an existing portfolio or for a beginner to start with.
8. Total number of units: 19.
9. Net profit: $36,410.
10. Managers residence not applicable.
11. Real estate price not applicable.
12. Other features include management rights and location in QLD - Gold Coast/Brisbane.