Management Rights - PALM BEACH, QLD

PALM BEACH, QLD

$810,000

Property Description

Management Rights for 2 very modern complexes side by side !

Splendid opportunity in a quiet Street. 2 small complexes run together (only one unit) easily managed by one person. The current owner lives off site and a "caretaker" lives in Managers unit and looks after pools etc Rent free....and will stay on. Current owner still maintains grounds etc but its very easy to run.

Rents are high and high occupancy. Would suit retired couple or someone who wants to downsize with a good income. 18 Years to run. Also a young couple with a young family with one person working full time OR an add on to a current complex in the area. Presents well and is a 3 story walk up. Good relationship with BC.
2 Pools & 2 BBQ's Secured Carpark

Palm Beach is the new Burleigh with fabulous restaurants and new developments everywhere!!

Call Kerrie Lush on 0416 084 693 or email kerrie@raas.com.au
Financial Overview

Body Corp Salary:
63400
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI
Net Profit:
95000
Manager's Unit Price:
380000
Management Rights Price:
430000
Letting Business

Est. Year Built: 2003
Total Units In Complex: 55


Inside Letting Pool

Permanent: 20
Holiday: 0
Corporate: 0
Total: 20

Outside Letting Pool

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

Number & Type In Letting Pool
Number Type Features
3 2 Bed Apartment Larger units with A/C, Dishwasher, Dryer, 2 Cars
Tariffs

Booking Type Details
Permanent 3 Bed $480/week; 2 Bed $440/week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size:
Office Reception:
Office Software:
Office Hours:
Storage:
Office Computer:
Module:
Agreement Term: 0
Years To Run: 0
Manager's Unit Description:

Facilities

Pool: YES
Spa:
Gym:
Tennis Court:
Sauna:
Foxtel:
Cable Installed:
Pets Allowed: YES
Barbeque Area: YES

Other Facilities: 2 x Pools, 2 x BBQ, Secure Car Park

Property Agent

Kerrie Lush

Kerrie Lush

Phone: +61 416 084 693
Office: 1300 282 370

Email Listing Agent