Shailer Park, Queensland

Caretaking only $548,000

Property Description

Pristinely maintained Management Rights business and fully renovated home with 11.5% ROI will put new meaning into work/life balance - 1P4635MR

Exclusive to CRE Brokers. Home with a $45,010 Care-taking income which is annually increased by the CPI and an additional net revenue of $18,253 from the on-site letting. The only three bedroom Townhouse on site with two bathrooms and a return on investment of 11.5%.

There are no appreciable expenses as garden tools, fuel for garden machinery and servicing are the responsibility of the Body Corporate. All out of pocket expenses in relation to performance of Care-taking duties are reimbursed by the Body Corporate.

This is the best Townhouse on site and the only, with a complete renovation. A complete schedule of renovations is available if requested. There is nothing left to do but enjoy the lifestyle this comfortable and inviting home provides. Imagine living in this picturesque environment only three minutes away from the Shailer Park Hypermarket.

TOTAL NUMBER OF UNITS : 48
UNITS IN LETTING POOL : 12

MANAGER'S RESIDENCE: Located at the highest point of the complex and appointed with: split air conditioners upstairs and down; three bedrooms plus office; two bathrooms; 2 car spaces; large lounge/dining room; kitchen/laundry and covered secure courtyard.

NET PROFIT : $63,263
REAL ESTATE PRICE : $368,000
BUSINESS PRICE : $180,000
TOTAL ASKING PRICE : $548,000

Property Summary

Business Snapshot

Price: Caretaking only $548,000 Net Profit: $63,263 Remuneration / Body Corp Salary: $45,010

Managers Unit

Value of Managers Apartment: $368,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 48Owner Occupy Units: 32Outside Agent Units: 4Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesBBQ Area: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Peter Sagner
CRE Brokers

Phone

Listing Tools

This listing last updated: 11th September 2019

Property Map

Map Location ( get directions )

Shailer Park, Queensland 4128 Exact map location not provided

Similar Properties

Caretaking Bolt-On!! No Fixed Hours!! Long Term Agreements!!
Exclusive

COOMERA
Caretaking Bolt-On!! No Fixed Hours!! Long...

$485,000
Net Income: $43,800
Managers Estate: $340,000 - Bed - Bath
Letting Pool: 15
Remuneration: $44,100

Gavern Property - Management Rights
Bargain!!! Business only 1.5x
Exclusive

CARINA HEIGHTS
Bargain!!! Business only 1.5x

Offers over $550,000
Net Income: $65,000
Managers Estate: $450,000 3 Bed 2 Bath
Letting Pool: 13
Remuneration: $50,000

Shine Realty
TOP LOCATION. TENANTS LOVE IT.
Exclusive

UPPER MOUNT GRAVATT
TOP LOCATION. TENANTS LOVE IT.

$600,000
Net Income: $51,000
Managers Estate: $390,000 3 Bed 1 Bath
Letting Pool: 16
Remuneration: $21,000

Property Bridge

BEENLEIGH
BUSINESS ONLY MANAGEMENT RIGHTS FOR SALE IN...

$470,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

A B Brokers

COOMERA
You Permanent Beauty!! No Fixed Hours!!...

Under Contract / Offer
Net Income: $50,000
Managers Estate: $300,000 - Bed - Bath
Letting Pool: 15
Remuneration: $34,400

Gavern Property - Management Rights

MEADOWBROOK
UNDER CONTRACT - Retirement Village Mana...

Management Rights $500,000
Net Income: -
Managers Estate: $300,000 3 Bed 2 Bath
Letting Pool: 41
Remuneration:

CRE Brokers