Springfield, Queensland

$870,000

Property Description

Perfect for the Beginner !!

This complex presents an outstanding opportunity for a young couple to make their first foray into management rights. You won't find a better starter complex. Or someone looking at semi-retirement. Easily run by one person allowing a couple to still have other jobs for extra income.

This permanent management rights business is located on the Southern side of Brisbane. A well maintained residential complex consisting of 38 attractive town houses which are situated close to schools, public transport, shopping, sport and recreation facilities. With 27 in the rental pool with low maintenance grounds, can easily be managed part time by one or in conjunction with another job. The current manager's husband works away from the complex.
The manager's home is a large 3 bedrooms plus office Villa. It includes 2 bathrooms separate laundry, garage, attractive quiet yard with quality kitchen appliances and dual access office.

• Predominately interstate investor owners.
• Workload is very manageable
• Great salary
• Easy care gardens
• Very safe and stable management rights
• Keep your current job and do the caretaking after work
• All systems in place including back up for when you go away on the weekends
• Long agreements
• Overall a fantastic opportunity!!


For additional information or to arrange an inspection please contact the agent. David Janett Patrick Leou
Don't miss this outstanding opportunity to buy with a reasonable multiplier!

Property Summary

Business Snapshot

Price: $870,000 Net Profit: $109,339 Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $355,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 27Permanent Units: 27Owner Occupy Units: 7Outside Agent Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21.5 Years yearsPool: Yes

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Map Location ( get directions )

Springfield, Queensland 4300 Exact map location not provided

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