Everton Hills, Queensland

$299,000

Property Description

OFF THE PLAN BOUTIQUE TOWNHOUSES

This development represents a wonderful opportunity for an experienced Management Rights operator to manage as a “bolt on” business to an existing property portfolio. Alternatively offering a great entry level off the plan business for a competent manager.

The developer is offering the buyer flexibility with this package. Expected completion by Christmas 2019.

No need to live on site. No office hours.

An option to purchase one of the high quality built 3 bedroom townhouses is available to the intending purchaser should they wish.

This is a low maintenance complex with barbeque only. No swimming pool. The incoming manager will receive a Body Corporate salary of $24,000 with a brand new 25 year management agreement for the caretaking of this charming boutique community consisting of 24 townhouses.

Projected net income of $69,600 with 18 townhouses in the letting pool.

Only 10km from Brisbane CBD and with some of the best schools, shopping centres, parks, bikeways, sporting facilities, transport links and medical facilities, Everton Hills is in the heart of it all. This is a modern urban community lifestyle immersed in tranquil green suburban surrounds.

Secure this Brisbane Management Rights business now before it goes!

Property Summary

Business Snapshot

Price: $299,000 Net Profit: $69,600 Remuneration / Body Corp Salary: $24,000Body corp salary review: CPI Annually

Managers Unit

Purchase of Townhouse is optional. No need to live on-site

Complex Information

Complex Type: PermanentTotal Units in Complex: 24Total Units in Letting Pool: 18Permanent Units: 18Owner Occupy Units: 6Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsBBQ Area: YesPay TV: Yes

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Marketing Agency

Property Bridge

Jim Lowe
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Map Location ( get directions )

Everton Hills, Queensland 4053 Exact map location not provided

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