MANAGEMENT RIGHTS IN THE BOOMING NORTH LAKES AREA - 1P4732MR
CRE Brokers are pleased to list, as Exclusive Agents, the chance for a buyer to purchase the caretaking and letting agreements for two complexes and one Manager's residence.
Both complexes are under 5 years old, built by the same developer and comprise a total of 114 townhouses of which 106 are in the Manager's letting pool. The caretaking salary is in excess of $142,000 with an annual CPI increase. A net income of $370,000 has been provided by an Industry Accountant for your peace of mind.
The Manager's free standing townhouse has four bedrooms, 2.5 bathrooms, study, two car garage and office. Extra parking available.
TOTAL NUMBER OF UNITS: 114
UNITS IN LETTING POOL: 106
NET PROFIT: $370,000
REAL ESTATE PRICE: $470,000
BUSINESS PRICE: $1,998,000
TOTAL ASKING PRICE: $2,468,000
Price: Management Rights $2,468,000
Net Profit: $370,338 Remuneration / Body Corp Salary: $142,797Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $470,000Bedrooms: 4Bathrooms: 2Car Spaces: 4Office: On TitlePets OK: Yes
Complex InformationComplex Type: PermanentTotal Units in Complex: 114Total Units in Letting Pool: 106Permanent Units: 106Owner Occupy Units: 3Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesGym: YesPay TV: YesWIFI: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane