Redland Bay, Queensland

$1,820,000

Property Description

OFF-SITE MANAGEMENT OPTION

Offering a trendy seaside village atmosphere on Brisbane’s bayside with lovely, near new, low maintenance, free standing villas this permanent management rights business has the flexibility to live off site should you wish.

Situated in a growth location within easy walking distance to the future Weinam Creek Marina development and the famously safe and relaxing Redland Bay shopping village.


Sophisticated and modern, these 3 bedroom free standing villas provide a very attractive and popular product to the rental market. And a plethora of schools in the area is the icing on the cake. Stroll to the shopping village

No requirement to live onsite. Manager’s villa currently rented out.

Management Rights agreements have 22 years remaining with a current salary of $102,000 increasing yearly by CPI.

A beautiful bayside environment now on offer to the incoming manager. Don’t miss out!

Property Summary

Business Snapshot

Price: $1,820,000 Net Profit: $237,000 Remuneration / Body Corp Salary: $102,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $520,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes
3 Bedrooms + Study, 2 Bathrooms, 2 Garages

Complex Information

Complex Type: PermanentTotal Units in Complex: 99Total Units in Letting Pool: 67Permanent Units: 67Owner Occupy Units: 29Outside Agent Units: 3Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: YesFunction Facilities: Yes

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Redland Bay, Queensland 4165 Exact map location not provided

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