UNDER CONTRACT - Management Rights Business-only Sale with All the Benefits of a Prime Central Location in Capalaba - 1P4369MR
EXCLUSIVE TO CRE BROKERS. A secure and guaranteed Caretaking income provides 80% of the income for this business opportunity.
Located in a leafy high position only 2.3 km from Capalaba Park Shopping Centre, the purchase of this Management Rights Business does not require the purchase of a residence. There is a requirement to reside on-site. The Greentrees Village Community provides and owns the Manager's residence which is conveniently above the exclusive use Manager's Office facility.
There is urgency for this business to sell with the current manager of sixteen years needing to attend to significant health issues.
TOTAL NUMBER OF UNITS : 64
UNITS IN LETTING POOL : 11
MANAGER'S RESIDENCE : Rent this two Manager's Apartment for $260/week. The community owned Managers' residence is: a two bedrooms; one bathroom; one carport and additional driveway car parking space. All utilities (water and electricity) are paid by the Greentrees Village Community.
NET PROFIT : $93,099.00
REAL ESTATE PRICE : $No Real Estate to Purchase
BUSINESS PRICE : $380,000.00
TOTAL ASKING PRICE : $380,000.00
Price: Management Rights $380,000
Net Profit: $93,099 Remuneration / Body Corp Salary: $75,132Body corp salary review: CPI Annually
No Real Estate to Purchase
Complex InformationComplex Type: MixedTotal Units in Complex: 64Total Units in Letting Pool: 11Permanent Units: 11Owner Occupy Units: 34Outside Agent Units: 19Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS