Thorneside, Queensland

$1,100,000

Property Description

16% RETURN ON INVESTMENT. BRISBANE BAYSIDE.

This very well-presented townhouse complex offers new managers a secure business supported by a sizeable caretaking salary of $133,000 and a positive Body Corporate relationship.

Potential to significantly improve your Management Rights net income through acquisition of outside agent lets, thus increasing your own letting pool.

Excellent living and working environment on Waterloo Bay. Close to restaurants, shopping, public transport, childcare centre and good schools.

The manager’s home is 3 bedrooms with office attached on title. No set office hours. Residents enjoy great facilities including swimming pool, tennis court, function room, BBQ area.

After eight successful years the current managers are now looking forward to retirement.

Property Summary

Business Snapshot

Price: $1,100,000 Net Profit: $177,000 Remuneration / Body Corp Salary: $133,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $350,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Excellent 3 bedroom townhouse with lots of space and a large garden in resort style complex

Complex Information

Complex Type: PermanentTotal Units in Complex: 104Total Units in Letting Pool: 28Permanent Units: 28Owner Occupy Units: 59Outside Agent Units: 16Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesTennis Court: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent


Marketing Agency

Property Bridge

Jim Lowe
Property Bridge

Phone

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Map Location ( get directions )

Thorneside, Queensland 4158 Exact map location not provided

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