Runcorn, Queensland

$1,200,000

Property Description

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.

Property Summary

Business Snapshot

Price: $1,200,000 Net Profit: $149,000 Remuneration / Body Corp Salary: $73,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 3Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes
Lovely townhouse on large block of land.

Complex Information

Complex 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

Marketing Agent


Marketing Agency

Property Bridge

Bobo Qi
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Map Location ( get directions )

Runcorn, Queensland 4113 Exact map location not provided

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