Molendinar, Queensland

Management Rights $1,000,000

Property Description

Central Gold Coast permanent Management Rights, close to all amenities including shopping, schools, hospitals and university - 1P4398MR

A total of 40 Villas / Town Houses in a quiet location popular with long-term tenants, very stable rental pool and consistently low vacancy rate.

* Gated security with CCTV.
* Accom. Module agreements, Gallery Vie compliant, excellent Body Corp relationship.
* No set office hours.
* Pet friendly complex.
* Single level 3 Bed / 2 Bath Manager's villa – upgraded, very comfortable with ducted air-con and lovely indoor /outdoor area for private entertaining. Extra storage and parking for 4 vehicles, sizeable office attached on title.
* A solid and stable business in a popular area with duties easily managed by a couple.

* Accountant's Net Profit figure for 12 months to 30/4/19 : $130,136
* Manager's Lot : $390,000
* Business : $610,000
* Total : $1,000,000

Property Summary

Business Snapshot

Price: Management Rights $1,000,000 Remuneration / Body Corp Salary: $62,886Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $390,000Bedrooms: 3Bathrooms: 2Car Spaces: 4Office: On TitlePets OK: Yes
General size single level, upgraded kitchen and bathrooms. Great outdoor living.

Complex Information

Complex Type: PermanentTotal Units in Complex: 40Total Units in Letting Pool: 27Permanent Units: 27Owner Occupy Units: 6Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 16 yearsPool: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Molendinar, Queensland 4214 Exact map location not provided

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