Management Rights - MARSDEN, QLD

MARSDEN, QLD

$879,400

Property Description

MANAGEMENT RIGHTS IN BRAND NEW COMPLEX AT MARSDEN

Brand new complex.
30 minutes to CBD, 50 minutes to Gold Coast.
Close to shopping centres, medical facilities, schools, public transport.This project is currently under construction as a 3 stage project. The stage 1 is due for completion mid 2017 with other stages to follow shortly thereafter.
The complex consists of 49 townhouses including the manager's residence of 3 bedrooms with double garage and office.
The Vendor requires offers based on the following criteria...
Business 48 units at $10,718+GST per unit.
Managers residence $364 900 for a total asking price of $879,400. A projected net income based on 48 units in the Manager's rental pool at completion indicates a projected figure of $139,000. This would need to be verified by any Purchaser's accountant.
Be the first to own this complex and enjoy the rewards from your own business.
For more information on this opportunity please call Jim Prentice on 0412 984 684 or E jimp@raas.com.au

Note. Photo as shown is indicative only and does not necessarily represent the advertised complex.
Financial Overview

Body Corp Salary:
$49,000 +GST
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI
Net Profit:
$139,000 projected
Manager's Unit Price:
$364,900
Management Rights Price:
$514,500 +GST
Letting Business

Est. Year Built: 2017
Total Units In Complex: 49


Inside Letting Pool

Permanent: 48
Holiday: 0
Corporate: 0
Total: 48

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 1
Total: 1

Number & Type In Letting Pool
Number Type Features
48 3 Bed Townhouses Air conditioning, Ceiling fans, Ensuite, Built In Robes, Dishwasher, Mix of S & DLUGs
Tariffs

Booking Type Details
Permanent $360-$380 p/w estimated
Corporate N/A
Holiday N/A
Manager's Unit & Office

Manager's Unit Size: 3 Bed
Office Reception: Yes. On title to manager's residence.
Office Software: New manager to provide
Office Hours: None specified in Body Corporate Agreements
Storage: Plenty
Office Computer: New Manager to provide
Module: Accommodation
Agreement Term: 25
Years To Run: 25
Manager's Unit Description: Brand new 3 bedroom, 2 bathroom townhouse, carpeted and tiled throughout. Air conditioned living area & ceiling fans in bedrooms.

Facilities

Pool: YES
Spa: NO
Gym: NO
Tennis Court: NO
Sauna: NO
Foxtel: YES
Cable Installed: YES
Pets Allowed: YES
Barbeque Area: YES

Other Facilities: Brand new complex.
30 minutes to CBD, 50 minutes to Gold Coast.
Close to shopping centres, medical facilities, schools, public transport.

Property Agent

Jim Prentice

Jim Prentice

Phone: 0412 984 684
Office: 1300 282 370

Email Listing Agent