Milton, Queensland

$1,332,000

Property Description

BIG PRICE REDUCTION... OWNER HAS TO SELL!!

Close Proximity To Brisbane CBD

This Management Rights business offers a very unique city living lifestyle. The current on-site Managers must sell due to a very sudden change in circumstances.

The multiplier (4x multipler) is BELOW MARKET VALUE and has 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 walk-ins
- Open plan living, dining area and well-designed gourmet kitchen
- Gigantic 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, which is available for a private function with both kitchen and toilet facilities.

The Net income of $133,000 can easily be increased without a lot of effort if you so desire.

For your personal inspection please contact Haydn Meyer 0411441727 or haydnm@raas.com.au or Robert Collins 0404678792 or robertc@raas.com.au.

Property Summary

Business Snapshot

Price: $1,332,000 Net Profit: $133,000 Remuneration / Body Corp Salary: $83,651

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 13Holiday Units: 13Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent


Marketing Agency

RAAS Group

Haydn Meyer
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Milton, Queensland 4064 Exact map location not provided

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