Karana Downs, Queensland

Management Rights $1,298,800

Property Description

Secure Brisbane Permanent Management Rights within Golf Course - 1P5114MR

EXCLUSIVE TO CRE BROKERS. Being only 15-20mins to Brisbane CBD, surrounded by an 18 hole Golf Course, adjacent the beautiful Brisbane River, this superb Permanent Management Rights offers an enviable semi-rural lifestyle. Security is added with a large Body Corporate Salary.

Facilities are close by including; shopping, restaurant, walking tracks, boat launching ramps and school bus at the gate of the complex.

The present owners of 10 years have managed the complex since completion, they have enjoyed their time and are ready to retire.

TOTAL NUMBER OF UNITS : 74
UNITS IN LETTING POOL : 38

MANAGERS RESIDENCE: Free standing 3 bedroom/2 bathroom villa with office, covered carport and extra parking space.

NET PROFIT $181,426. Verified by recognised Industry Accountant

REAL ESTATE PRICE : $410,000
BUSINESS PRICE : $888,800
TOTAL ASKING PRICE : $1,298,800

Property Summary

Business Snapshot

Price: Management Rights $1,298,800 Net Profit: $181,426 Remuneration / Body Corp Salary: $123,009Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $410,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 74Total Units in Letting Pool: 38Permanent Units: 38Owner Occupy Units: 35Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesTennis Court: YesBBQ Area: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane

Marketing Agent


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Karana Downs, Queensland 4306 Exact map location not provided

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