Management Rights - MCDOWALL, QLD

MCDOWALL, QLD

$680,000

Property Description

Long serving Manager hears the call of Retirement.

If you wish to dip your toe into this industry, or, have something to occupy your time as you transition to retirement. This is an ideal one person business. The bulk of the income is securely derived from the caretaking salary. There is very good growth potential for an energetic property manager to grow the letting income by capturing the rentals held by outside agents.
The current Manager opened this complex fourteen years ago and managed it through the three stage development. There is a long standing excellent relationship with Bodies Corporate and in particular the Principle Committee that oversees the common areas shared by the Apartment and House Committees.
The complex boasts access to superb amenities and location viz: only 9km from the CBD; nearby is the Prince Charles Hospital, a major and pre-eminent teaching hospital in Brisbane's north-side with an emphasis in cardiac and respiratory medicine and cardio-thoracic surgery; walking distance to McDowall State School and only minutes to the North-side Christian College.
This is a fine well-presented complex with a comfortable work-load and spacious home to live in and enjoy. Or, let out the home for $450/week and mange as an off-site business. All you have to do is inspect and see the benefits for yourself.
Contact Peter Sagner 0401 814 404 or e-mail peters@raas.com.au
Financial Overview

Body Corp Salary:
$50,380
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI
Net Profit:
$63,107
Manager's Unit Price:
$470,000
Management Rights Price:
$210,000
Letting Business

Est. Year Built: 2003
Total Units In Complex: 38


Inside Letting Pool

Permanent: 8
Holiday: 0
Corporate: 0
Total: 8

Outside Letting Pool

Lock Up: 0
Outside Agents: 9
Self Managed: 2
Owner Occpd: 19
Total: 30

Number & Type In Letting Pool
Number Type Features
3 4 Bed House 2 Bathrooms, DLUG.
1 4 Bed House 3 Bathrooms, DLUG.
3 3 Bed Tpwnhouse / Apartment 2 Bathrooms, DLUG.
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bed
Office Reception:
Office Software:
Office Hours:
Storage:
Office Computer:
Module: Accommodation
Agreement Term: 25
Years To Run: 2
Manager's Unit Description: An immaculate Townhouse with 2 bathrooms, 2 car lock up garage plus 2 extra car accommodation and a secure 24 square metre storage space.

Facilities

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

Other Facilities: Garden Tool Shed.

Property Agent

Peter  Sagner

Peter Sagner

Phone: 0401 814 404
Office: 1300 282 370

Email Listing Agent