Management Rights - BRACKEN RIDGE, QLD

BRACKEN RIDGE, QLD

$1,270,938

Property Description

One Out Of The Box

The current managers have been there for 7 years.
There is a total of 47 Units in the complex and 39 of those are in the letting pool. All easily managed by one person.
The Managers residence offers a massive standalone 3 bedrooms, plus study plus M.R Office on Title with a full size double lock up garage. This is truly one out of the box if you want to get into Management Rights and have a family to consider.
Freshly painted and carpeted throughout, with an undercover patio which offers a tranquil setting overlooking the nature reserve.
Excellent committee 3 of the 5 members live off site, 2 minute walk to the bus stop,15 minute walk to the train station. Large chain supermarket and shops at the end of the road. Schools, TAFE College and sporting facilities close by.
Managers House $535,000
Management Rights $766,668
Total Price $1,301,668 Net Income as verified $164,875
For your chance to get in first contact Mike Mallory 0409 494 098 or email mikem@raas.com.au or you could miss out on this outstanding complex.
Financial Overview

Body Corp Salary:
$56,670
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI OR 3%
Net Profit:
$164,875
Manager's Unit Price:
$529,000
Management Rights Price:
$741,938
Letting Business

Est. Year Built: 2007
Total Units In Complex: 47


Inside Letting Pool

Permanent: 39
Holiday: 0
Corporate: 0
Total: 39

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 8
Total: 0

Number & Type In Letting Pool
Number Type Features
Tariffs

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

Manager's Unit Size: 3 Bed
Office Reception: yes on title
Office Software: Caretaker
Office Hours: None Specified
Storage: Plenty
Office Computer: Yes
Module: Accommodation
Agreement Term: 25
Years To Run: 24
Manager's Unit Description: Massive stand alone T/house featuring double garage, 3 big bedrooms, plus a study, master with ensuite, Walk In Robe & air con,others have Built In Robes & fans. Two separate living areas,study, modern kitchen with covered out-door alfresco area opening of

Facilities

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

Other Facilities:

Property Agent

Mike Mallory

Mike Mallory

Phone: 0409 494 098
Office: 1300 282 370

Email Listing Agent