Hillcrest, Queensland

Management Rights P.O.A.

Property Description

MANAGEMENT RIGHTS FOR SALE ON BRISBANE'S SOUTHSIDE. URGENT SALE. VENDORS PREPARED TO NEGOTIATE - 1P4282MR

BUYER ALERT…BUYER ALERT…LET'S NEGOTIATE…PRICE ON APPLICATION

The Vendors, having been in the Industry for many years, sadly, must give up their current Management Rights on sound medical advice. This is a one-off opportunity for a keen purchaser to buy a steady business and excellent home below current market values. Due to the seriousness of these health issues the Vendors at this south-side complex of 60 units have a real genuine need to sell the business and residence.

The Caretaking and Letting Agreements run until 2041 with options available to extend further thus providing excellent security over your investment.

THE PRICE IS NEGOTIABLE TO EFFECT A QUICK SALE.

The net income has been steady for some time now and there is an opportunity for a manager to increase the bottom line with the addition of other income streams.

In today's market this home and business package represents good value for money and must be inspected at the earliest.

TOTAL NUMBER OF UNITS : 60
UNITS IN LETTING POOL : 52
NET PROFIT : $155,239
MANAGERS RESIDENCE : 3 BEDROOM FREE STANDING TOWNHOUSE

REAL ESTATE PRICE : $425,000
BUSINESS PRICE : POA
TOTAL ASKING PRICE : NEGOTIABLE

Property Summary

Business Snapshot

Price: Management Rights P.O.A. Net Profit: $155,239 Remuneration / Body Corp Salary: $74,919Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: n/aTotal Units in Complex: 60Total Units in Letting Pool: 52Permanent Units: 52Owner Occupy Units: 3Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

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Map Location ( get directions )

Hillcrest, Queensland 4118 Exact map location not provided

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HILLCREST
URGENT SALE. JUST MAKE AN OFFER.

$1,160,000
Net Income: $157,800
Managers Estate: $425,000 3 Bed - Bath
Letting Pool: 55
Remuneration: $73,597

RAAS Group