NO NEED TO LIVE ON SITE
Close proximity to quality shopping centres.
Walking distance to train and bus stations.
A very popular South Brisbane suburb with high rental demand.
No requirement to live onsite. Continue to rent out manager’s unit should you wish.
Current rental income of $20,000 p.a. for manager’s townhouse is in addition to stated net profit of nearly $150,000 from the Management Rights business itself.
Excellent salary of over $73,000, representing almost half of net profit.
No office hours and supportive Body Corporate.
Net Profit: $149,000 Remuneration / Body Corp Salary: $73,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $400,000Bedrooms: 3Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes
Lovely townhouse on large block of land.
Complex InformationComplex Type: PermanentTotal Units in Complex: 52Total Units in Letting Pool: 30Permanent Units: 30Owner Occupy Units: 18Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: Yes