Management Rights - KANGAROO POINT, QLD

KANGAROO POINT, QLD

$2,174,000

Property Description

Kangaroo Point Management Right

This is one of the iconic buildings in Dock Side
as well as one of the most prestigious buildings up the road to do caretaking for only.
The managers unit has been valued by a Management Rights Specialist for value and the P&L has also been done.
Both agreements have been topped up to the fullest and the Gallery V has been taken out. The Chairperson of both complexes are aware of the sale and are happy to meet with the new buyer.
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au for an inspection.

Body Corporate provides and pays for all gardening requirements, pool cleaning and general cleaning. No work to do except open the office and supervise. In the middle of arguable the best precinct in Brisbane with 2 ferry, bus, taxi,right at your door as well as restaurants and all the amenities you need.
Financial Overview

Body Corp Salary:
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI / 5%
Net Profit:
$234000
Manager's Unit Price:
$1,075,000
Management Rights Price:
$1,099,000
Letting Business

Est. Year Built: 1990
Total Units In Complex: 106


Inside Letting Pool

Permanent: 24
Holiday: 0
Corporate: 0
Total: 24

Outside Letting Pool

Lock Up: 0
Outside Agents: 6
Self Managed: 1
Owner Occpd: 75
Total: 82

Number & Type In Letting Pool
Number Type Features
10 2 Bed Apartments A/C, Dishwasher, Ensuited, Large, 2 secure car parks
14 3 Bed Apartments
Tariffs

Booking Type Details
Permanent 2 br unfurnished $600pm, furnished $700pw 3 br unfurnished $700pw, furnished $750pm
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bed
Office Reception: Exclusive use
Office Software: Console
Office Hours: Mon - Fri 8.30 - 1.00 4.00 - 5.00
Storage: Plent
Office Computer: Yes
Module: Standard
Agreement Term: 10
Years To Run: 10
Manager's Unit Description: Very Large (174sqm)with 3 bedrooms, ensuite, good sized living areas, 2 side by side secure car parks and is in very good condition and on the eighteenth floor with river views. Newly renovated double storage unit

Facilities

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

Other Facilities: Body Corporate provides and pays for all gardening requirements, pool cleaning and general cleaning. No work to do except open the office and supervise. In the middle of arguable the best precinct in Brisbane with 2 ferry, bus, taxi,right at your door as well as restaurants and all the amenities you need.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent