Loganlea, Queensland

Great Value Management Rights in Loganlea

Under Contract / Offer

Business Description

• In a prime location, close to all amenities
• Strong rental demand
• Easily managed complex
• Standard alone 4 bedroom manager unit
• 21 years remain on Management Rights agreements
• No fixed office hours

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $168,960 Remuneration / Body Corp Salary: $70,236Body corp salary review: CPI Annually

Managers Unit

Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 52Total Units in Letting Pool: 50Permanent Units: 50Owner Occupy Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: Yes

Marketing Agent

Paul Wang

0488 68....

CeCe Chen

0450 45....

Onsite Management Rights

Key Investment Insights

1. Prime location with easy access to amenities
2. Strong demand for rental properties in the area
3. Easily managed complex with no fixed office hours
4. Manager's unit is a standard 4 bedroom and is standalone
5. 21 years remaining on Management Rights agreements
6. Opportunity for potential increase in body corp salary through annual CPI review
7. Complex consists of 52 units with 50 in the letting pool
8. Majority of units are permanent rentals
9. Potential for owner-occupier unit to be added to letting pool
10. On-site pool adds to the appeal for potential tenants.