Redland Bay, Queensland
Easy to Run Management Rights Complex at Redland Bay - 1P5423MR
Management Rights $900,000
Property Description
EXCLUSIVE TO CRE BROKERS. Boasting 87% of 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 lock-up garage and access to extra parking space.
Would suit either 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 : $102,520
REAL ESTATE PRICE : $450,000
BUSINESS PRICE : $450,000
TOTAL ASKING PRICE : $900,000
Property Summary
Business Snapshot
Price: Management Rights $900,000
Net Profit: $102,520 Remuneration / Body Corp Salary: $38,956Body corp salary review: Fixed %
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: YesComplex 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
