Koongal, Queensland

Management Rights $1,600,000

Property Description

THE PERFECT HOME BUSINESS - 1P4271MR

Instructions are Very Clear SELL SELL SELL. There are 2 options to purchase this outstanding business:

Option 1: Purchase -
Manager's Residence : $386,000
Office Block : $536,000
M.R Business : $678,000 - Net Income $184,000
Total : $1,600,000

The Office Block has a 1 bedroom Apartment above which is rented at $300 per week adding a further $15,000 to the income taking total income to $199,000 P.A

Option 2: Purchase -
Office Block : 536,000
M.R Business : $678,000 - Net Income $184,000
Total : $1,214,000.00

The office Block has a 1 bedroom Apartment above which is rented at $300 per week adding a further $15,000 to the income taking total income to $199,000 P.A

Part of Option 2 would be to rent the Manager's Residence with an option to purchase within 12 months of contract date for the M.R Business and Office Block at today's price of $386,000.

Property Summary

Business Snapshot

Price: Management Rights $1,600,000 Net Profit: $220,000 Remuneration / Body Corp Salary: $109,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $386,000

Complex Information

Complex Type: n/aTotal Units in Complex: 70Total Units in Letting Pool: 61Permanent Units: 61Owner Occupy Units: 1Outside Agent Units: 9Lockup Units: 4Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: YesPay TV: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Mike Mallory
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Koongal, Queensland 4701 Exact map location not provided

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RAAS Group