UNDER CONTRACT. Iconic building with expansive river and Storey Bridge views in the popular Kangaroo Point precinct - 1P4972MR
This very modern medium-rise building of 27 luxury apartments and townhouses is situated on the banks of the Brisbane River with eye-catching views to all points of the compass.
The complex presents in immaculate condition and is a credit to the Managers and pro-active on-site Committee. Easily run by one person with time to spare.
The Managers residence is modern, spacious and private.
TOTAL NUMBER OF UNITS : 27
UNITS IN LETTING POOL : 3 plus 2 units in adjoining building
MANAGERS RESIDENCE : 3 bedroom 2 bathroom modern Townhouse
NET PROFIT : $78,000
REAL ESTATE PRICE : $740,000
BUSINESS PRICE : $218,500
TOTAL ASKING PRICE : $958,500
Price: Management Rights $958,500
Net Profit: $78,000 Remuneration / Body Corp Salary: $58,313Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $740,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Pets OK: Yes
Complex InformationComplex Type: PermanentTotal Units in Complex: 27Total Units in Letting Pool: 3Permanent Units: 3Owner Occupy Units: 24Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesGym: YesBBQ Area: YesMarina Berth: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS