Management Rights - WOOLLOONGABBA, QLD

WOOLLOONGABBA, QLD

$715,000

Property Description

Two Properties sold as one

This is two properties sold as one. One is in Woolangabba and the other one is in Nundah less than a 20 minute drive There is no real estate to buy and there is an office ( exclusive use ) in each one There is also a lot of storage and the BC owns the equipment. The current manager spends less that a day per week in each one.
Please contact Exclusive Agent Robert Collins on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
$27, 264 / $58, 659
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI
Net Profit:
$146,000
Manager's Unit Price:
N/A
Management Rights Price:
$715,000
Letting Business

Est. Year Built: 2010
Total Units In Complex: 22


Inside Letting Pool

Permanent: 11
Holiday: 0
Corporate: 0
Total: 37

Outside Letting Pool

Lock Up: 0
Outside Agents: 7
Self Managed: 0
Owner Occpd: 6
Total: 13

Number & Type In Letting Pool
Number Type Features
2 1 Bed Apartments All modern appliances
19 35 Bed Apartments All modern appliances
Tariffs

Booking Type Details
Permanent 1 B/rm $370 p/w est. 2 B/rm $400 to $450 p/w est.
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: N/A
Office Reception:
Office Software:
Office Hours:
Storage: Plenty
Office Computer: 1
Module: Accommodation
Agreement Term: 25
Years To Run: 19
Manager's Unit Description: None specified in Agreements

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: Mater Hospital across the street, walk to CBD. Bus and train close-by.
South Bank Precinct only a leisurely walk away only a 20 minute drive to Nunda which has village literary next door.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent