Management Rights - WOODRIDGE, QLD

WOODRIDGE, QLD

$650,000

Property Description

Great Starter Complex

Buy this starters complex Low multiplier and capital gain nearly assured. It is close to all amenities with a good family home as well.Income $70,000, Home $350,000 Business $300,000 TOTAL $650,000
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au
You do not have to live on sight
Current manager rents out their apartment
Financial Overview

Body Corp Salary:
$22,300
Anniversary Of Body Corporate Salary:
1st Apr
Body Corporate Salary Review:
cpi
Net Profit:
$70,000
Manager's Unit Price:
$350,000
Management Rights Price:
$271,600
Letting Business

Est. Year Built: 2009
Total Units In Complex: 23


Inside Letting Pool

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

Outside Letting Pool

Lock Up: 0
Outside Agents: 3
Self Managed: 0
Owner Occpd: 1
Total: 4

Number & Type In Letting Pool
Number Type Features
19 3 Bed Town houses Dishwasher, A/C, Fans,lock up garage
Tariffs

Booking Type Details
Permanent 325 per week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bed
Office Reception: on title
Office Software: caretaker
Office Hours: nil
Storage: plenty
Office Computer: 1
Module: Accommodation
Agreement Term: 25
Years To Run: 18
Manager's Unit Description: 3 Bedroom Townhouse with en suite to the main a little larger than most. Single lock-up garage with under roof entertainment area and is STAND-ALONE with office on title.You will not be disappointed

Facilities

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

Other Facilities: Great complex to cut your teeth on. Very easily run by half to 1 person. Possible that both managers could have outside jobs. You won't be disappointed please check it out and see if you like it

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent