Murrumba Downs, Queensland

Management Rights $950,000

Property Description

Highly desirable Management Rights Complex in Murrumba Downs and bordered by the recreation area along the North Pine River - 1P4367MR

EXCLUSIVE TO CRE BROKERS. Management and Letting Rights business with sprawling home and accommodation module agreement running to 2040.

The complex site is twenty-four kilometres north of Brisbane and set in picturesque and well maintained urban setting, providing the residents with a secure gated community, a relaxing pool area and endless walking tracks along the river.

This business will exceed expectations for convenience and the all-important work-life balance. Adding to the serenity and separating the longest boundary from the banks of the North Pine River, is the Green Environmental zone with children's playground, barbeque, sandy beach and boat launch. The opening of the University nearby at Kallangur will add to the infrastructure and appeal of this area.

TOTAL NUMBER OF UNITS : 64
UNITS IN LETTING POOL : 7
MANAGERS RESIDENCE : No. 45

NET PROFIT : $97,500
REAL ESTATE PRICE :$455,000
BUSINESS PRICE : $495,000
TOTAL ASKING PRICE : $950,000

Property Summary

Business Snapshot

Price: Management Rights $950,000 Net Profit: $97,500 Remuneration / Body Corp Salary: $88,912Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $455,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
The home offers:- 3 bedroom, 2.5 bathrooms, very open plan living areas adjacent to the very well equipped kitchen and a private balcony overlooking the North Pine River. The real bonus is the double lock up garage with additional car spaces available to the manager.

Complex Information

Complex Type: MixedTotal Units in Complex: 64Total Units in Letting Pool: 14Holiday Units: 7Permanent Units: 7Owner Occupy Units: 51Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Peter Sagner
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Murrumba Downs, Queensland 4503 Exact map location not provided

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