Kangaroo Point, Queensland

Management Rights $958,500

Property Description

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

Property Summary

Business Snapshot

Price: Management Rights $958,500 Net Profit: $78,000 Remuneration / Body Corp Salary: $58,313Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $740,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Pets OK: Yes

Complex Information

Complex 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

Marketing Agent


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Kangaroo Point, Queensland 4169 Exact map location not provided

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