Management Rights - MARSDEN, QLD

MARSDEN, QLD

$879,400

Property Description

BRAND NEW COMPLEX AT MARSDEN

This complex is currently under construction as a 3 stage project. The stage 1 is due for completion mid 2017 with other stages to follow shortly thereafter.
The complex consists of 49 townhouses including the managers residence of 3 bedrooms with double garage and office.
The Vendor requires offers based on the following criteria...
Business 48 units at $10,718+GST per unit.
Managers residence $364 900 for a total asking price of $879,400. A projected net income based on 48 units in the manager's rental pool at completion indicates a figure of $139,000. This would need to be verified by any Purchaser's accountant.
Be the first to own this complex and enjoy the rewards from your own business.
For more information on this opportunity please call Jim Prentice on 0412 984 684 or E jimp@raas.com.au

Note. Photo as shown is indicative only and does not necessarily represent the advertised complex.
Financial Overview

Body Corp Salary:
49000
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$139,000
Manager's Unit Price:
$364,900
Management Rights Price:
$514,500
Letting Business

Est. Year Built: 2017
Total Units In Complex: 49


Inside Letting Pool

Permanent: TBA
Holiday: 0
Corporate: 0
Total: 48

Outside Letting Pool

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

Number & Type In Letting Pool
Number Type Features
48 3 Bed Townhouses Air conditioning, Ceiling fans, Ensuite, BIRobes, Dishwasher, S & DLUGs
0 Bed
0 Bed
Tariffs

Booking Type Details
Permanent 3 Brm $360 - $380 p/w appraisal only
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3
Office Reception: Yes
Office Software: Purchaser to provide
Office Hours: None specified in the Agreements
Storage: Plenty
Office Computer: Purchaser to provide
Module:
Agreement Term: 25
Years To Run: 25
Manager's Unit Description: Brand new 3 bedroom, 2 bathroom townhouse, carpeted and tiled throughout. Air conditioned living area & ceiling fans in bedrooms.

Facilities

Pool: Yes
Spa: No
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: Yes
Barbeque Area: Yes
Wireless: Yes

Other Facilities: Brand new complex.
30 minutes to CBD, 50 minutes to Gold Coast.
Close to shopping centres, medical facilities, schools, public transport.

Property Agent

Jim Prentice

Jim Prentice

Phone: 0412 984 684
Office: 1300 282 370

Email Listing Agent

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