Shailer Park, Queensland

Contract Crashed! Brand New 25 year Caretaking/Letting Agreement Management Rights in the Heart of Shailer Park - 1P4635MR

Management Rights $607,000

Property Description

CRE Brokers is proud to have had a long relationship with this scheme and to feature this Management Rights business with its new Accommodation Module.

With the hard work done, this package provides:

. Fully renovated 3 bedroom, 2 bathroom residence with all modern appliances;
. Ideal for a small family of 3 to 4 people;
. Maintain a professional career whilst running a business;
. Run professionally with supervision of contractors;
. 24.5 years to run on the agreement;
. Body Corporate Salary security at 75%;
. Pool, BBQ, Boardwalk;
. In the heart of the Brisbane Gold Coast growth corridor;
. Population set to double, valuations will skyrocket.
. 4 x multiplier

MANAGER'S RESIDENCE: Located at the highest point of the complex and appointed with split air conditioners upstairs and down, three bedrooms plus office, two bathrooms, 2 car spaces, large lounge/dining room, kitchen/laundry and covered secure courtyard.

TOTAL NUMBER OF UNITS : 48
UNITS IN LETTING POOL : 13

NET PROFIT : $63,051
REAL ESTATE PRICE : $355,000
BUSINESS PRICE : $252,000
TOTAL ASKING PRICE : $607,000

Property Summary

Business Snapshot

Price: Management Rights $607,000 Net Profit: $63,263 Remuneration / Body Corp Salary: $46,697

Managers Unit

Value of Managers Apartment: $35,500Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 48Total Units in Letting Pool: 14Permanent Units: 14Owner Occupy Units: 29Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes

Other Features / Notes

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