Mackay Caretaking, Catering & Letting - 1P4514MR
EXCLUSIVE TO CRE BROKERS. This Management Rights Business in Mackay ticks a lot of boxes that others don't. It has a great manager's unit featuring 3 big bedrooms, ensuite to main and all with built-in robes with large living areas and balcony space plus a huge kitchen.
All except two units are included in the letting pool and in a complex such as this one it's very difficult to lose any units out of the pool.
It can be easily operated by a couple. Currently it is managed by one owner and a part-time staff which allows the owner some weekends and days off.
Call Ronnie to find out more.
TOTAL NUMBER OF UNITS: 39
UNITS IN LETTING POOL: 36
MANAGERS RESIDENCE : 3 bed, ensuite, 2 car garage
NET PROFIT: $200,402
REAL ESTATE PRICE: $300,000
BUSINESS PRICE: $580,000
TOTAL ASKING PRICE: $880,000
Price: Management Rights $880,000
Net Profit: $200,402 Remuneration / Body Corp Salary: $75,064Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $300,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Complex InformationComplex Type: PermanentTotal Units in Complex: 39Total Units in Letting Pool: 36Permanent Units: 36Owner Occupy Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS