Milton, Queensland

$1,399,700

Property Description

MUST SELL WITH A PRICE REDUCTION!

Close Proximity To Brisbane CBD

This Management Rights business offers a very unique city living lifestyle. The current on-site Managers are motivated to sell.
The multiplier is very realistic as is the value on the apartment and there is 23 years to run on the agreement. Fantastic BC committee as well.
If you are one of those ever-increasing numbers of people who are now at a stage in life where you are looking for a city living lifestyle then imagine the following aspects:
Walk to any number of coffee bistros & finest restaurants.
Brisbane River & City views from the generous private balcony.
City Cat Ferry and walkway/bike paths at your doorstep.
The Managers unit comprises:
Double glazed windows
Two large sized bedrooms master with en-suite and bulit in wardrobes.
Open plan living, dining area and the kitchen is so well designed there is a place for everything.
Exceptionally large secured storage & two car parks
This magnificent complex offers facilities such as:
25m pool, sun decks, spa, gymnasium, BBQ pavilion garden terraces & resident common room available for a private function with kitchen and toilet facilities.
The Managers Unit Slashed from $828,000
The Management Rights Business is listed as $571,700
The Net income of $133,000 can easily be increased without a lot of effort if you so desire.
Total Asking Price $1,399,700
For your personal inspection contact Robert Collins on 0404678792 or robertc@raas.com.au or Haydn Meyer on 0411441727 or haydnm@raas.com.au

Property Summary

Business Snapshot

Price: $1,399,700 Net Profit: $133,000 Remuneration / Body Corp Salary: $82,171

Managers Unit

Value of Managers Apartment: $828,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 15Holiday Units: 15Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent


Marketing Agency

RAAS Group

Robert Collins
RAAS Group

Phone

Listing Tools

This listing last updated: 28th September 2018

Property Map

Map Location ( get directions )

Milton, Queensland 4064 Exact map location not provided

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