Management Rights & Rent Roll in the Birthplace of Queensland - 1P4288MR
Live and Work in Paradise - Beachfront living - Exclusive to CRE Brokers.
Well established Business in dream location. Very few Body Corp responsibilities – a pool and garden path. No lawns, no BBQ, no gym, etc. Opportunity to grow the business. Full license required. Great Body Corp.
19 years remaining with Top-up & Gallerie Vie on agenda for Feb AGM
TOTAL NUMBER OF UNITS : 14 in the building
UNITS IN LETTING POOL : 10 in the building plus 52 external properties
MANAGER'S RESIDENCE : Ground floor 3 bedroom, 2 bathroom unit with private use courtyard and garden.
NET PROFIT $170,000 (2016/17)
REAL ESTATE PRICE : $400,000
BUSINESS PRICE $600,000
TOTAL ASKING PRICE $1,000,000
Price: Management Rights $1,000,000
Net Profit: $170,000 Remuneration / Body Corp Salary: $43,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $400,000Bedrooms: 3Bathrooms: 2Office: On TitlePets OK: Yes
Complex InformationComplex Type: n/aTotal Units in Complex: 14Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 2Outside Agent Units: 1Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS