Management Rights - NUNDAH, QLD

NUNDAH, QLD

$2,376,000

Property Description

Complex on Near North Side

This is a lovely complex with minimal work outside the office. It has great facilities and is easy to run.The office which is extremely large and consists of both an inner and outer office has a kitchen as well and is exclusive use It has been priced to sell.
Unit is $509,000 Income is $333,000 Business is $1,867,000 TOTAL is $2,376,000
Please contact Robert Collins in the first instance on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
$158,138
Anniversary Of Body Corporate Salary:
19th Nov
Body Corporate Salary Review:
3%
Net Profit:
$333,000
Manager's Unit Price:
$509,000
Management Rights Price:
$1,867,000
Letting Business

Est. Year Built: 2008
Total Units In Complex: 100


Inside Letting Pool

Permanent: 69
Holiday: 0
Corporate: 0
Total: 69

Outside Letting Pool

Lock Up: 0
Outside Agents: 4
Self Managed: 0
Owner Occpd: 27
Total: 31

Number & Type In Letting Pool
Number Type Features
55 2 Bed Apartments air con,2 bath,2 car mod appliances
15 3 Bed Apartments Air con, 3 bath,2 car,modern appliances
Tariffs

Booking Type Details
Permanent 2 Bed from $450 to$610 per week 3 Bed from $570 to $660 per week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bed
Office Reception: Occupational Authority + kitchen
Office Software: REI Master
Office Hours: NIL
Storage: on title plenty
Office Computer: 3
Module: Accommodation
Agreement Term: 25
Years To Run: 21
Manager's Unit Description: 2 Bath, 2 Car, modern appliances, large balcony,100 sq mts.+ 24 sq mt balcony.

Facilities

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

Other Facilities: This is a great complex All the hard work has been done. Easily run by 2 people. Current managers work month about.This is a great complex close to everything in an extremely modern setting. The income is nice and big. This complex has a theater and CCTV. Top ups were done last year and G V is out of both buildings

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent