Management Rights for Sale in Algester - 1P4298MR
Marketed exclusively by CRE Brokers, this well-presented permanent management rights complex is looking for a new manager who wants a good income and a nicely appointed 4 bedroom, free-standing home.
There is currently over 66% of the units in the rental pool and the location makes renting relatively easy. The complex has been repainted and gardens re-mulched.
Financial figures showing a net income of $203,500 have been provided by an industry recognised accountant for your peace of mind. Step right up and book your inspection now. BE QUICK, NOT SORRY.
TOTAL NUMBER OF UNITS : 68
UNITS IN LETTING POOL : 45
MANAGER'S RESIDENCE: Free-standing 4 bedroom, 3 bathroom townhouse with double garage and office attached. Outdoor covered patio and large private backyard.
NET PROFIT : $203,500
REAL ESTATE PRICE : $540,000
BUSINESS PRICE : $1,058,200
TOTAL ASKING PRICE : $1,598,200
Price: Management Rights $1,598,200
Net Profit: $203,500 Remuneration / Body Corp Salary: $81,480Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $540,000Bedrooms: 4Bathrooms: 3Office: On TitlePets OK: Yes
Complex InformationComplex Type: n/aTotal Units in Complex: 68Total Units in Letting Pool: 45Permanent Units: 45Owner Occupy Units: 22Outside Agent Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS