Kelvin Grove, Queensland

Management Rights Business Package $1,053,707

Property Description

Inner City Management Rights Business Package with a number of tenants attending the University Of Queensland Mayne Medical School - 1P4489MR

DESCRIPTION : The home is located in Kelvin Grove from where business functions will be operationalised. This Management Rights business is best described as a boutique business opportunity. Close to transport, Higher Education facilities, sporting entertainment and recreational facilities including; theatre; restaurants; pubs and night clubs. A great starter with additional business opportunity potentially to grow from this vendor now transitioning to new business interests.
TOTAL NUMBER OF UNITS : 54
UNITS IN LETTING POOL : 22

MANAGERS RESIDENCE : With a lot size of 145 square metres and a floor area of 109 square metres there is a private courtyard for entertaining and barbequing. The modern kitchen ideally placed to service the courtyard, dining and lounge. Additional features include: three generous bedrooms plus office; two bathrooms; tandem two car garage and an additional two parking spaces allocated for the manager within the complex.

NET PROFIT : $111,935

REAL ESTATE PRICE : $550,000
BUSINESS PRICE : $503,707
TOTAL ASKING PRICE :$1,053,707

Property Summary

Business Snapshot

Price: Management Rights Business Package $1,053,707 Net Profit: $111,935 Remuneration / Body Corp Salary: $63,774Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 54Total Units in Letting Pool: 22Permanent Units: 22Owner Occupy Units: 13Outside Agent Units: 19Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 years

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Peter Sagner
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Kelvin Grove, Queensland 4059 Exact map location not provided

Similar Properties

Only 3.38x - combination of good income and river front living
New
Exclusive

NEW FARM
Only 3.38x - combination of good income and...

$1,199,000
Net Income: $162,358
Managers Estate: $650,000 2 Bed 2 Bath
Letting Pool: 13
Remuneration: $56,834

Shine Realty
UNDER CONTRACT - Permanent Management Rights Close to Brisbane CBD - 1P4292MR
Exclusive

EVERTON PARK
UNDER CONTRACT - Permanent Management...

Management Rights $1,118,600
Net Income: $133,772
Managers Estate: $538,400 4 Bed 2 Bath
Letting Pool: 41
Remuneration: $46,430

CRE Brokers