Management Rights - Algester, QLD

Algester, QLD

$1,759,000

Property Description

MANAGEMENT RIGHTS..EXCELLENT HOME & BUSINESS OPPORTUNITY

THE BUSINESS: 12 year old complex with 75% of the units in the Manager's rental pool. Current Managers (family) wishing to down-size are looking for an energetic couple to purchase and run this business. Future-proof your income with this steady income opportunity. Very good rental location and the mix of 3 and 4 bedroom units are popular with tenants. The gardens have just been freshly mulched resulting in lovely presentation of the complex. Planning has also been completed for a exterior re-paint of the buildings,due to get underway this month.
THE MANAGER'S RESIDENCE: Sitting on an elevated lot and presented in impeccable condition this 4 bedroom, 2 bathroom stand-alone townhouse will appease the most discerning of buyers. Large ground floor open plan living flows out to a big covered patio area and a fully fenced grassed yard. Upstairs are four generously sized bedrooms and two bathrooms. A balcony extends off the main. Air conditioning and fans installed.

This is a very good business in a great location Please contact your RAASRights broker, Jim Prentice 0412 984 684 E jimp@raas.com.au today to make an appointment to inspect. Be quick, not sorry as complexes such as this do not stay on the market long when demand out-strips supply.
Financial Overview

Body Corp Salary:
80102
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$230,000
Manager's Unit Price:
$540,000
Management Rights Price:
$1,219,000
Letting Business

Est. Year Built: 2005
Total Units In Complex: 68


Inside Letting Pool

Permanent: 52
Holiday: 0
Corporate: 0
Total: 52

Outside Letting Pool

Lock Up: 0
Outside Agents: 2
Self Managed: 0
Owner Occpd: 14
Total: 16

Number & Type In Letting Pool
Number Type Features
4 4 Bed Free Standing T/Houses AirCon,Fans,Ensuite,Insinkerators,D/Washer,Dlug
48 3 Bed Villas & Townhouses AirCon,Fans,Ensuite,Insinkerators,D/Washer, Slug
0 Bed
Tariffs

Booking Type Details
Permanent 3 Brm T/H & Villa $380-395 p/w 4 Brm T/H $450-485 p/w
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 4
Office Reception: On Title
Office Software: REIMaster
Office Hours: None specified
Storage: Plenty
Office Computer: Yes
Module:
Agreement Term: 25
Years To Run: 20
Manager's Unit Description: Stand alone T/House with special appeal featuring DLUG, ensuite, balcony from main b/rm with fantastic views, 3 bathrms,granite bench tops,tiled living area with carpet upstairs, separate laundry and spacious office attached.

Facilities

Pool: Yes
Spa: No
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: Yes
Barbeque Area: Yes
Wireless: Yes

Other Facilities: Great location
Excellent income earner
On bus route
Popular rental complex only 12 years old
Security cameras
Long term Agreements

Property Agent

Jim Prentice

Jim Prentice

Phone: 0412 984 684
Office: 1300 282 370

Email Listing Agent

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