Andergrove, Queensland

Management Rights $880,000

Property Description

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

Property Summary

Business Snapshot

Price: Management Rights $880,000 Net Profit: $200,402 Remuneration / Body Corp Salary: $75,064Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex 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

Marketing Agent


Marketing Agency

CRE Brokers

Ronnie Slebos
CRE Brokers

Phone

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Property Map

Map Location ( get directions )

Andergrove, Queensland 4740 Exact map location not provided

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