Management Rights - GRACEVILLE, QLD

GRACEVILLE, QLD

$1,923,700

Property Description

Business For Sale - Management Rights. A quiet achiever with Inner Western Suburban lifestyle

This business has been conscientiously run, and consequently has been unavailable for seven years. The current Management operates this business under a full licence and for good reason.

Here is your opportunity to purchase: a very good business with a competent supportive committee; a very healthy salary $164 155.20; a Net Profit of $251,581 verified by a leading Management Rights Accounting Professional; a letting pool of 38; a substantial additional income not appearing in the profit and loss generated from, the management and supervision of two outside rentals, property sales, pressure cleaning, pest control and air-conditioner servicing, painting of the complex.

The workload:
office two to three hours per day; gardening and cleaning duties four to six hours per week. The workload in this complex can be performed by one productive person or comfortably by a couple. Either way this business provides a comfortable work/life balance. Graceville is 7.8 km from the CBD and is a much sought after residential address. This business $1 378 700 and home $545 000 with five bedrooms, three bathrooms, two car space residence with a fully functional attic plus separate office is serviced by excellent local facilities including; bus connections; Graceville Train Station. All local Primary Schools are ranked in the top 3% of the States published School performance parameters; there is a marvellous choice of State Public and Private schooling. Local High Schools also boast impressive educational outcomes across the spectrum of measures. The nearby Milpera State High School provides specialist English language education to immigrant children, and, streamlines student integration into the nearby Indooroopilly State High School. This complex is enriched and benefits from such excellent educational facilities so near the complex. To take full advantage of this business opportunity, contact Peter Sagner: 0401 814 404 or peters@raas.com.au for this exclusive listing.
Financial Overview

Body Corp Salary:
$164,155
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
The greater of 4% or CPI
Net Profit:
$251,581
Manager's Unit Price:
$545,000
Management Rights Price:
$1,378,700
Letting Business

Est. Year Built: 2000
Total Units In Complex: 90


Inside Letting Pool

Permanent: 38
Holiday: 0
Corporate: 0
Total: 38

Outside Letting Pool

Lock Up: 0
Outside Agents: 6
Self Managed: 0
Owner Occpd: 46
Total: 52

Number & Type In Letting Pool
Number Type Features
12 4 Bed Townhouse Ensuite, some with A/c, ceiliing fans, balcony, courtyard & SLUG,
4 3 Bed Townhouse Ensuite, some with A/c, ceiliing fans, balcony, courtyard & SLUG,
22 3 Bed Townhouse Ensuite, some with A/c, ceiliing fans, balcony, courtyard & SLUG,
Tariffs

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

Manager's Unit Size: 5 Bed
Office Reception:
Office Software:
Office Hours:
Storage: Plenty
Office Computer:
Module: Accommodation
Agreement Term: 25
Years To Run: 23
Manager's Unit Description: Large townhouse with functional attic (lighting, shelving, hanging rails and desk), 3 bedrooms and main living area upstairs. 4th and 5th Bedroom + bathroom and rumpus room downstairs. Air conditioned and refurbished throughout to provide a quality reside

Facilities

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

Other Facilities: Quiet, sought after location close to schools, shops and transport.

Property Agent

Peter  Sagner

Peter Sagner

Phone: 0401 814 404
Office: 1300 282 370

Email Listing Agent