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
Price: Management Rights Business Package $1,053,707
Net Profit: $111,935 Remuneration / Body Corp Salary: $63,774Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes
Complex InformationComplex 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