Management Rights - RUNAWAY BAY, QLD

RUNAWAY BAY, QLD

$549,000

Property Description

Price Reduced Boutique permanent...Only 2.9 Multiplier, ideal for retiree young family or first timer

This is a very low multiplier on the business and represents excellent value for an attractive business in such a desirable location..... Well presented security gated complex in Runaway Bay. Only 18 townhouses in this complex and minimal common areas to maintain. The managers apartment is situated at the rear of the complex and has been fully refurbished to a high standard. It has excellent indoor / outdoor flow with spacious alfresco entertaining areas. A large light filled townhouse that presents like new and with plenty of fenced rear yard plus storage sheds. Pet friendly. Currently managed by one person. A great complex for a first timer to the industry or an excellent retirement income for those looking to down size. Net profit $44,000 Townhouse $419,000 management Rights $130,000. Total Price $549,000. To arrange an inspection or to receive additional information please contact the agent. Anna Liu 0421 794 797
anna@raas.com.au
Financial Overview

Body Corp Salary:
27000
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
cpi
Net Profit:
$44,000
Manager's Unit Price:
$419,000
Management Rights Price:
$130,000
Letting Business

Est. Year Built: 1995
Total Units In Complex: 18


Inside Letting Pool

Permanent: 9
Holiday: N/A
Corporate: N/A
Total: 9

Outside Letting Pool

Lock Up: 0
Outside Agents: N/A
Self Managed: N/A
Owner Occpd: 9
Total: N/A

Number & Type In Letting Pool
Number Type Features
9 3 Bed Townhouse aircon, dishwasher, single lockup garage
0 Bed
0 Bed
Tariffs

Booking Type Details
Permanent 410-420 a week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception:
Office Software: Excel
Office Hours: None stated
Storage: Garden shed
Office Computer: yes
Module:
Agreement Term: 25 years
Years To Run: 18
Manager's Unit Description: 2.5 bathrooms, powder-room, study nook, single lock up garage, 2 spare carparking spaces, Yard & Shed.

Facilities

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

Other Facilities:

Property Agent

Anna Liu

Phone: 0421 794 797
Office: 1300 282 370

Email Listing Agent

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