Ascot, Queensland

$1,099,000 Price Guide

Property Description

Conveniently close to the City!

Conveniently close to the city and Brisbane's favourite cafes.

Great location and not too big.
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 $58,499 is very generous at $1,671 per unit per year especially when you consider there is only about 20 hours of caretaking per week.
• There are no set office hours.
• The current owner also manages a small rent roll of 11 units outside of the complex.
• The office is located away from the manager's unit and is exclusive use. This makes it ideal to work with the outside rentals.
• 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 by carrying out maintenance and offering extra gardening etc.
• 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 22 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!!

Property Summary

Managers Unit

Complex Information

Total Units in Complex: 0

Marketing Agent


Marketing Agency

Next Business & Property Sales

Next Business & Property Sales

Next Business & Property Sales

David Janett
Next Business & Property Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Ascot, Queensland 4007 Exact map location not provided

Similar Properties

Grow your familys' future in the idyll of Everton Park.
Exclusive

EVERTON PARK
Grow your familys' future in the idyll of...

$1,118,600
Net Income: $133,772
Managers Estate: $538,400 4 Bed - Bath
Letting Pool: 5
Remuneration: $46,430

RAAS Group
For those seeking the ideal lifestyle/work balance
Exclusive

FORTITUDE VALLEY
For those seeking the ideal lifestyle/work...

$998,800
Net Income: $87,063
Managers Estate: $620,000 3 Bed - Bath
Letting Pool: 37
Remuneration: $57,768

RAAS Group