Management Rights - FORTITUDE VALLEY, QLD

FORTITUDE VALLEY, QLD

$998,800

Property Description

For those seeking the ideal lifestyle/work balance !

If you are looking for a three bedroom inner city apartment with a history of productive relationships, then we are pleased to offer the opportunity for inspection. Aternatively rent out the apartment generate additional income and manage from offsite! This four story apartment complex has not been available to the market for ten years.
The income is sound, there is room to grow and the workload is easily managed by a one person with time to spare.
The apartment has: three bedrooms; 2.5 bathrooms; 2 car spaces with the office on title. All the benefits of a vibrant inner city life beckon. Located in the trendy Fortitude Valley area and walking distance to James St market precinct, all the elements are in place for a rewarding business, just waiting for the next astute manager.
To explore this opportunity contact the exclusive listing Broker Peter Sagner: 0401 814 404 or e-mail peters@raas.com.au;
Financial Overview

Body Corp Salary:
$57,768.
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI
Net Profit:
$87,063
Manager's Unit Price:
$620,000
Management Rights Price:
$368,800
Letting Business

Est. Year Built: 2005
Total Units In Complex: 44


Inside Letting Pool

Permanent: 19
Holiday: 0
Corporate: 0
Total: 19

Outside Letting Pool

Lock Up: 0
Outside Agents: 7
Self Managed: 0
Owner Occpd: 18
Total: 25

Number & Type In Letting Pool
Number Type Features
7 1 Bed Apartment Dish washer, air con, fans, dryer, insinkerator, 1 carpark
7 2 Bed Apartment Dish washer, air con, fans, dryer, insinkerator, 1 carpark
3 2 Bed Apartment Dish washer, air con, fans, dryer, insinkerator, 1 carpark
Tariffs

Booking Type Details
Permanent 1 b/rm $(380 - 420) p/w; 2 b/rm/1 bathroom $(430 - 480) p/w; 2 b/rm/2 bathroom $(490 - 570) p/w;
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bed
Office Reception: On Title
Office Software: Caretaker
Office Hours: None specified
Storage: Two exclusive use storage spaces.
Office Computer: Yes
Module: Accommodation
Agreement Term: 25
Years To Run: 22
Manager's Unit Description: Three bedroom, two and a half bathrooms, air con unit on two levels with office attached. Two underground car parks. Modern kitchen fitout.

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: Lift access to part of building, plenty of underground secure parking, BBQ gas provided to all units.

Property Agent

Peter  Sagner

Peter Sagner

Phone: 0401 814 404
Office: 1300 282 370

Email Listing Agent