Management Rights - REDCLIFFE, QLD

REDCLIFFE, QLD

$620,000

Property Description

A TRUE HAVEN FOUND

This Retirement Village complex offers a lifestyle to be envied by most other Managements Rights Managers.

Let’s look at the numbers and what is on offer here and you be the judge.

Firstly, you don’t need a Real Estate License as there are no units in the letting pool, they are all owner occupied. This Caretaker role is just that, you will be responsible as the caretaker to maintain the low maintenance grounds and be available on call via a beeper to be there to assist the residence when required. (Excellent Body Corp)

Secondly, as you do not need a Real Estate License there is No Trust account to keep up to date.

Thirdly, there are no real expenses as per the normal run of the mill Management Rights, as the Body Corp refund all out of pocket expenses.

The current Caretakers have been onsite for some 15 years, this in itself should give you a huge clue to the security of being the next Caretaker in this complex.

The only reason for the sale of this outstanding opportunity is:- Retirement Beckons for the current Caretaker.

Unit $290,000
M.R Business $330,000
Total Price $620,000
With a B/C salary of $74,447.00 P.A

For further info on this complex contact Mike Mallory 0409 494 098 or email mikem@raas.com.au
Financial Overview

Body Corp Salary:
74442
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$74,447
Manager's Unit Price:
$290,000
Management Rights Price:
$330,000
Letting Business

Est. Year Built: 1986
Total Units In Complex: 44


Inside Letting Pool

Permanent: N/A
Holiday: N/A
Corporate: N/A
Total: N/A

Outside Letting Pool

Lock Up: N/A
Outside Agents: N/A
Self Managed: N/A
Owner Occpd: N/A
Total: 44

Number & Type In Letting Pool
Number Type Features
Bed
Bed
Bed
Tariffs

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

Manager's Unit Size: 2
Office Reception:
Office Software:
Office Hours:
Storage:
Office Computer:
Module: Standard
Agreement Term: 10
Years To Run: 9
Manager's Unit Description: Very neat and tidy throughout exceptionally presented

Facilities

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

Other Facilities:

Property Agent

Mike Mallory

Mike Mallory

Phone: 0409 494 098
Office: 1300 282 370

Email Listing Agent

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