1 / 87 Marine Parade, Redcliffe, Queensland
@ beautiful Complexes at Redcliffe
Under Contract / Offer
Opportunity Knocks: Management rights for sale across two complexes.
The current managers are looking to retire, opening the door to this fantastic venture. With both committees running smoothly and minimal workload, this is your chance to step into an established success story.
Situated in close proximity, these two complexes offer a seamless operation. One of them is located in the charming area of Margate, enhancing your investment potential. Don't miss the chance to see it for yourself; we promise you won't be disappointed.
The total package, which includes both complexes, is priced at $449,000, offering an attractive income of $93,846. In addition, the current managers also own a desirable unit within one of the complexes which is available for purchase separately, although not required. Please note that this unit is not included in the listed price.
As a bonus, there's an additional rental property in Scarborough, although its figures are not part of the Profit & Loss statement, it's included in the overall package.
This is your golden opportunity to step into a well-established Management Rights business.
Please contact Robert Collins, Exclusive Agent, on ---------- or ----------
Price: Under Contract / Offer
Net Profit: $93,846 Remuneration / Body Corp Salary: $65,270
Complex InformationComplex Type: PermanentTotal Units in Complex: 45Total Units in Letting Pool: 13Holiday Units: 13Owner Occupy Units: 32Outside Agent Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Key Investment Insights1. Two beautiful complexes located in Redcliffe and Margate, with the option to purchase the manager's unit.
2. Low workload and great committees in both complexes.
3. Total price of $449,000 with a net profit of $93,846.
4. Additional rental property in Scarborough included in the sale.
5. Permanent complex with a total of 45 units, 13 of which are in the letting pool.
6. 25-year agreement term with 23 years remaining.
7. Strong potential for growth and increased income.
8. Exclusive agent Robert Collins available for contact.