Petrie, Queensland

MLR Located in the Heart of Moreton Bay District and the Moreton Bay Growth Corridor - 1P5311MR

Management Rights $925,000

Property Description

EXCLUSIVE TO CRE BROKERS. Management and Letting Rights Business featuring:

. Secure Body Corporate salary currently 49% of Net Profit;
. Flexible workload and hours;
. Majority of work function allocated to property management;
. Potential to sell Townhouses within the complex;
. Potential to build the external rent roll;
. Located in the Moreton Bay Growth Corridor.

Managers Residence:

. 12m2 Office/Reception;
. Three generous bedrooms;
. Two large bathrooms, three toilets, laundry;
. Spacious kitchen, open plan dining room and lounge room;
. DLUG;
. Outdoor patio, courtyard and shed.

TOTAL NUMBER OF UNITS : 46
UNITS IN LETTING POOL : 36 + 1 off-site rental
NET PROFIT : $111,600

REAL ESTATE PRICE : $425,000
BUSINESS PRICE : $500,000
TOTAL ASKING PRICE : $925,000

Property Summary

Business Snapshot

Price: Management Rights $925,000 Net Profit: $111,600 Remuneration / Body Corp Salary: $55,098Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 36Permanent Units: 36Owner Occupy Units: 5Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 years

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane
Marketing Agent
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