Management Rights - SPRING HILL, QLD

SPRING HILL, QLD

$1,671,000

Property Description

CBD MANAGEMENT RIGHTS FOR SALE

High demand Permanent/Corporate rental building very close to large tenant catchment locality, hospital, Govt & private commercial enterprizes. Occupancy remained strong Net income verified by Industry Accountant.
A hard to find Managers 3 b/room Apartment with 4 car parks, that includes one on title and three exclusive use. Very low caretaking, popular complex. This is a wonderful business opportunity. many other extras and income explained at time of inspection
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
$84,794
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI or 3%
Net Profit:
$216,520
Manager's Unit Price:
$589,000
Management Rights Price:
$1,082,000
Letting Business

Est. Year Built: 2001
Total Units In Complex: 48


Inside Letting Pool

Permanent: 9
Holiday: 0
Corporate: 14
Total: 23

Outside Letting Pool

Lock Up: 0
Outside Agents: 6
Self Managed: 6
Owner Occpd: 13
Total: 25

Number & Type In Letting Pool
Number Type Features
6 1 Bed Apartment A/C, 1 undercover carpark, washing machine,dryer, dishwasher,
17 2 Bed Apartment A/C, 1 undercover carpark, washing machine,dryer, dishwasher,
Tariffs

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

Manager's Unit Size: 3 Bed
Office Reception:
Office Software: Hirum
Office Hours: None specified on Agreements
Storage: 2 exclusive use storerooms
Office Computer: Yes
Module: Accommodation
Agreement Term: 25
Years To Run: 22
Manager's Unit Description: 3 bedroom Apt on level 4, airconditioned, ensuite, 3 balconies. Newly carpeted,4 car undercover spaces exclusive use plus 1 car undercover space on title. Plus 2 air con

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: Walking distance to CBD.
Popular short term letting precinct with major client base nearby.
Bus route at the door.
Manager can have small pet with B/C approval. Free Bus directly out the front. Spring Hill Loop Service.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent