Management Rights - WEST END, QLD

WEST END, QLD

$2,025,000

Property Description

OTP West End

What a great Management Right
$300,000 income
Don't have to live on site
Don't have to buy the unit if you don't want to
Close to the river
Close to all amenities and services
Must be an experienced manager to buy this M R
Financial Overview

Body Corp Salary:
$106000
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
tba
Net Profit:
$300000
Manager's Unit Price:
$640000
Management Rights Price:
$1385000
Letting Business

Est. Year Built: 2018
Total Units In Complex: 106


Inside Letting Pool

Permanent: 80
Holiday: 0
Corporate: 0
Total: 80

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 26
Total: 26

Number & Type In Letting Pool
Number Type Features
39 1 Bed unit carpet, air con, tile, balcony, 1 car psrk, modern appliances.
41 2 Bed unit carpet, air con, tile, balcony, 1 car psrk, modern appliances.
Tariffs

Booking Type Details
Permanent 1 Bed $420 per week 2 Bed $545 per week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bed
Office Reception: exclusive use
Office Software: tba
Office Hours: nil
Storage: plenty
Office Computer: tba
Module: Accommodation
Agreement Term: 25
Years To Run: 25
Manager's Unit Description: 2 bed , 2 bath, carpet, tile 1 car space, brand new ultra modern,air con balcony etc.

Facilities

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

Other Facilities: This is an OTP complex. The Vendor requires an experienced operator to purchase this complex. There is an office (exclusive use) There is a designated managers unit but it is not essential that you purchase this. You can live on or off site, it is up to you. You will require a full license to live off site. There will be GST applicable.be quick

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent