Algester, Queensland

Management Rights $1,598,200

Property Description

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

Property Summary

Business Snapshot

Price: Management Rights $1,598,200 Net Profit: $203,500 Remuneration / Body Corp Salary: $81,480Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $540,000Bedrooms: 4Bathrooms: 3Office: On TitlePets OK: Yes

Complex Information

Complex 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

Marketing Agent


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Algester, Queensland 4115 Exact map location not provided

Similar Properties

REDBANK PLAINS
Good Growth Prospects

$1,515,000
Net Income: $215,537
Managers Estate: $369,000 3 Bed 2 Bath
Letting Pool: -
Remuneration:

MLR Property Group