UNDER CONTRACT. Large Established Managed Residential Complex in Slacks Creek on Brisbane's South Side - 1P4622MR
Exclusively marketed by CRE Brokers this large and well established Management Rights business with accompanying residence offers a new Manager security of income from the large salary and rental pool.
Over 60% of the townhouses are in the Manager's rental pool. Ideally located for M1 access both north and south and within 10 minutes drive of three shopping centres. This is a must see offering for those looking for a good return on their investment and the ability to own your business.
MANAGER'S RESIDENCE : 3 bedroom townhouse with single lockup garage and office attached
TOTAL NUMBER OF UNITS : 81
UNITS IN LETTING POOL : 50
NET PROFIT : $225,000
REAL ESTATE PRICE : $265,000
BUSINESS PRICE : $1,170,000
TOTAL ASKING PRICE : $1,435,000
Price: Management Rights $1,435,000
Net Profit: $225,000 Remuneration / Body Corp Salary: $135,000Body corp salary review: Fixed %
Managers UnitValue of Managers Apartment: $265,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
Complex InformationComplex Type: PermanentTotal Units in Complex: 81Total Units in Letting Pool: 50Permanent Units: 50Owner Occupy Units: 14Outside Agent Units: 17Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21.5 yearsPool: YesBBQ Area: YesPay TV: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS