Manly West, Queensland

$840,000

Property Description

Great lifestyle + MR to supplement existing income

This is Great lifestyle opportunity to achieve your dream to live in Manly West , as well, an Exciting opportunity(Management Right ) for a couple looking to supplement their existing income or semi retirement.
Work from home in this great Complex whilst still having the time to enjoy all that Manly to offer. The Property is close to Mayfair Shopping Center, is ideally situated for easy access to the fabulous Moreton Bay.
The managers 4 bedroom, 2 bathroom, 2 car parking space , 1 in-title office, air conditioning big-size Villa will surprise with open plan living. Making this Management Rights Business stand out from the rest in this price category.
Unit Price $570,000.00
Management Rights $270,000.00
Total Purchase $838,000.00

Net Income $62,000, mutilplier is 4.3 ONLY, 20.5 Years to run & 25 Years Contract term , 5 permanent lettings, Pets with Body Corporate approval, committee is friendly.

For further information on this outstand complex please contact Bill LI or email bill.li@joyrealty.com.au

Property Summary

Business Snapshot

Price: $840,000 Net Profit: $62,042 Remuneration / Body Corp Salary: $54,293

Managers Unit

Value of Managers Apartment: $570,000Bedrooms: 4Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 5Holiday Units: 5Agreement Term Remaining: 20 years

Marketing Agent


Marketing Agency

Joy Realty

Joy Realty

Joy Realty

Bill Li - CEDAR 0420485088
Joy Realty

Phone

Listing Tools

Property Map

Map Location ( get directions )

Manly West, Queensland 4179 Exact map location not provided

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