Management Rights - INDOOROOPILLY, QLD

INDOOROOPILLY, QLD

$1,538,000

Property Description

Great MR in Indooroopilly

You can't go passed this one
No Real Estate
No Office hours
Office Exclusive use Office
Friendly BC
Right in the heart of Indooroopilly
Great income and easily run by one person
Please contact Robert Collind Exclusive Agent on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
$163,787
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI or 3% for 3 & CPI for 1
Net Profit:
$280,000
Manager's Unit Price:
Management Rights Price:
$1,538,000
Letting Business

Est. Year Built: 0
Total Units In Complex: 109


Inside Letting Pool

Permanent: 54
Holiday: 0
Corporate: 0
Total: 54

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 55
Total: 55

Number & Type In Letting Pool
Number Type Features
45 2 Bed Units all modern appliances
7 3 Bed Units all modern appliances
2 4 Bed Units all modern appliances
Tariffs

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

Manager's Unit Size: N/A
Office Reception:
Office Software:
Office Hours:
Storage:
Office Computer:
Module: Accommodation
Agreement Term: 25
Years To Run: 17
Manager's Unit Description:

Facilities

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

Other Facilities: Business Only, No Real Estate to buy
In Brisbane's Inner West
RAAS Group is excited to offer to the market Indooroopilly Rentals, a business only management rights opportunity with no real estate to buy. Located in the epicentre of the action in Indooroopilly, it incorporates the letting and caretaking of four complexes, Indro 279, Euro Apartments, Boston on Be!grave and Central plus eight external rentals.
All properties are in very close proximity and with no set office hours plus exclusive use of an office, this business is a dream to run. The complexes are within a very short walking distance of Westfield's Indooroopilly Shopping Centre and also train and buses.
Indooroopilly Rentals has strong accountant verified financials, recently topped-up long agreements in place and is ready for the astute investor or savvy operator.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent