Morayfield, Queensland

$1,215,400

Property Description

Great Management Rights Complex with space to move and live

Do you want to be half way between Brisbane and the Sunshine Coast, and not crammed in by other buildings and still be close to all amenities in a very affordable complex? Well this is the one for you.

Close to absolutely everything including the city, Moreton Bay, the Sunshine Coast and the hinterland. Incredibly popular with tenants this property maintains 100% occupancy and healthy rental growth. Lovely, modern, out of the way and quiet manager's unit. Recently renovated and updated. The office is the original single garage so it easily fits two workstations and is comfortable and spacious. 2 of the three bedrooms, the lounge and the office are all air-conditioned with split system reverse cycle units. Each of the bedrooms has fitted wardrobes and even the smallest can take a queen bed. There is a massive patio to the rear of the house and to the far side is secure parking and storage behind a roller door. There is a 4kwh solar electricity system installed at the house. The lowset house is in a quiet corner away from the pool and the public areas.
All of the outdoor equipment is owned by the caretakers and it's all up to date and in good condition stored in the exclusive use shed near the pool. There are no specified office hours and the current owners open the office twice a week for 2 hours. There is a good opportunity to add to the income with unit sales and the current owners are averaging 7-8 sales a year.

New 25 year agreements which cater to Gallery Vie mean financing the property is easy. Current managers have been involved in this property for more than 8 years and are ready to move on and retire.

Contact the vendor and exclusive agent, Peter Hales on 0416 063 952 or email peterh@raas.com.au

Property Summary

Business Snapshot

Price: $1,215,400 Net Profit: $195,176 Remuneration / Body Corp Salary: $105,231

Managers Unit

Value of Managers Apartment: $260,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 104Total Units in Letting Pool: 53Holiday Units: 53Owner Occupy Units: 43Agreement Term: 25 yearsAgreement Term Remaining: 23.8 years

Marketing Agent

  • Peter Hales

  • Mobile Number
  • Mobile Number
  • send email

Marketing Agency

RAAS Group

RAAS Group

RAAS Group

Peter Hales
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Morayfield, Queensland 4506 Exact map location not provided

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