Price Reduced !!
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 25 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 The manager's home is a large 3 bedrooms plus office Villa. It includes 2 bathrooms separate laundry, garage and dual access office. This home has been nicely modernised and is nestled in an easy-care tropical garden.
• Predominately interstate investor owners.
• Workload is very manageable
• Great salary 3% increase per annuum
• 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
• Can live offsite with BC approval
• 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!
Price: Offers over $820,000
Net Profit: $108,931 Remuneration / Body Corp Salary: $63,250Body corp salary review: Fixed %
Managers UnitValue of Managers Apartment: $335,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Complex InformationComplex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 25Permanent Units: 25Owner Occupy Units: 7Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20.5 Years yearsPool: YesBBQ Area: Yes