Management Rights - REEDY CREEK, QLD

REEDY CREEK, QLD

$1,692,000

Property Description

Large Gated Permanent for Sale

Large Permanent for Sale ! Beautifully run management rights complex with 3 bedroom 2 bathroom townhouses. The managers Townhouse is a 3 bedroom, 2 bathroom with separate office! No office hours on the agreement.
Beautiful pool in complex. Close to schools, shops and the M1 for convenience. Complex is being completely repainted in the coming months to bring it up to the 21st Century. The sinking fund is very healthy and will be healthy even after the painting.

* Extra income that is not included in the P and L can be earned

* Whole complex to be repainted in very modern colours in a few months
(that will bring it up to look very modern)

* CAN LIVE OFF SITE AND PUT CARETAKER IN (SAME AS CURRENT ARRANGEMENT)

most Repairs and Maintenance are outsourced so a chance of increasing income if you are handy.


Townhouse $420,000
Business $1,272,000
Total Price $1,692,000
Netting $240,000
Financial Overview

Body Corp Salary:
$143,553
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
Net Profit:
$240,000
Manager's Unit Price:
$420,000
Management Rights Price:
$1,272,000
Letting Business

Est. Year Built: 1998
Total Units In Complex: 97


Inside Letting Pool

Permanent: 50
Holiday: 0
Corporate: 0
Total: 0

Outside Letting Pool

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

Number & Type In Letting Pool
Number Type Features
Tariffs

Booking Type Details
Permanent 370-450
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bed
Office Reception:
Office Software:
Office Hours: No
Storage:
Office Computer:
Module: Accommodation
Agreement Term: 25
Years To Run: 16.5
Manager's Unit Description:

Facilities

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

Other Facilities:

Property Agent

Kerrie Lush

Kerrie Lush

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

Email Listing Agent