Property Description

Easy As This One !!

Great location and not too big! Just right for the newcomer to Management Rights.

This building is a combination of apartments and townhouses. Located in Ascot and only a two minute drive from the popular cafe areas of racecourse road and Hamilton portside.
• Established modern, inner city permanent complex.
• With only 35 units in the complex the body corporate salary of $59,864 is very generous especially when you consider there is only about 20 hours of caretaking per week.
• There are no set office hours.
• The office is located away from the manager's unit and is exclusive use.
• Almost all the income comes from the core stream of body corporate salary and letting commissions.
• There is good scope for new management to build the bottom line as the new building next door has also become a solid income stream.
• The relationship with the committee is good, with the current manager given a good amount of autonomy to do their job.
• The caretaking and letting agreements currently sit at 20 years, providing excellent security.
• Gallery Vie updated done.
• Handy to bus, rail and city cat.
• Close access to M1, Airport, DFO, Goldcoast & Sunshine Coast.
• Five minute walk to the new Woolworths Village & shopping complex.
• We simply cannot think of anything negative to say about this property.
• All the hard work is done, painting, compliance etc.

An ideal management rights for someone wanting to semi-retire or for the new entrant to the MR industry!!