Redland Bay, Queensland

Expressions of Interest Wanted for This Easy to Run Complex at Redland Bay - 1P5423MR

Management Rights $888,000

Property Description

Boasting 87% of the units in the Manager's rental pool this family friendly, four year old complex is available to purchase. Located on Brisbane's Bayside, the business comes with a modern 3 bedroom, 2 bathroom townhouse with office, single lockup garage and access to extra parking space.

Currently run by a single person operator or buyers entering this steady and popular industry for the first time.

TOTAL NUMBER OF UNITS : 31
UNITS IN LETTING POOL : 27
NET PROFIT : $106,000
REAL ESTATE PRICE : $450,000
TOTAL ASKING PRICE : $888,000

Property Summary

Business Snapshot

Price: Management Rights $888,000 Remuneration / Body Corp Salary: $38,956Body corp salary review: Fixed %

Managers Unit

Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 31Total Units in Letting Pool: 27Permanent Units: 27Owner Occupy Units: 2Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 years

Other Features / Notes

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

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