Management Rights - Algester, QLD

Algester, QLD

Offers expected from $1,615,000

Property Description

MANAGEMENT RIGHTS.. HOME & BUSINESS OPPORTUNITY IN GREAT LOCATION

THE BUSINESS consists of a 13 year old complex with just over 65% of the units in the Manager's rental pool. Enquiries for rentals is steady with very little down-time and the mix of three and four bedroom units are popular with tenants. The grounds have just been freshly mulched. Exterior painting of the buildings is all but complete. A fresh clean presentation of the complex and nothing major to do for the forseeable future.
THE MANAGER'S RESIDENCE: Sitting on an elevated lot and presented in impeccable condition this 4 bedroom, 3 bathroom stand-alone house will appease the most discerning of buyers. Large ground floor open plan living flows out to a big covered patio area and a fully fenced grassed yard. A new kitchen upgrade was done in 2017 along with new granite topped vanities in the bathrooms and ensuite. Upstairs provides four generously sized bedrooms and two bathrooms. A balcony extends off the main. Air conditioning and fans installed.

The Vendors are continuing their connection to the Management Rights Industry and have purchased another complex, offering this complex for sale. Intending purchasers should consider making offers above $1,615,000
This is a very good business in a great location Please contact your RAASRights Broker, Jim Prentice 0412 984 684 E jimp@raas.com.au today to make an appointment to inspect.
Financial Overview

Body Corp Salary:
80102
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$215,000
Manager's Unit Price:
$540,000
Management Rights Price:
$1,075,000
Letting Business

Est. Year Built: 2005
Total Units In Complex: 68


Inside Letting Pool

Permanent: 45
Holiday: 0
Corporate: 0
Total: 45

Outside Letting Pool

Lock Up: 0
Outside Agents: 1
Self Managed: 0
Owner Occpd: 22
Total: 23

Number & Type In Letting Pool
Number Type Features
4 4 Bed Free Standing T/Houses AirCon,Fans,Ensuite,Insinkerators,D/Washer,Dlug
41 3 Bed Villas & Townhouses AirCon,Fans,Ensuite,Insinkerators,D/Washer, Slug
0 Bed
Tariffs

Booking Type Details
Permanent 3 Brm T/H & Villa $380-395 p/w 4 Brm T/H $450-485 p/w
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 4 Bedrooms , 3 Bathroom
Office Reception: On Title
Office Software: REIMaster
Office Hours: None specified
Storage: Plenty
Office Computer: Yes
Module: Accommodation
Agreement Term: 25
Years To Run: 20
Manager's Unit Description: Big, bold and beautifully positioned hilltop 4 bedroom stand alone residence with double lockup garage and office. 3 bathrooms, open plan living areas opening out to a covered patio with views. The kitchen and bathrooms were upgraded with new granite bench tops and joinery in 2017. Tiled living areas with carpeted stairs and bedrooms. Main bedroom has an external balcony and a large two basin ensuite. The generous sized and private back yard has tile and grassed surfaces along with a storage shed and plenty of space for the trailer or other small vehicle.

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: Great location
Long term Agreements.
Excellent income earner.
Complex under-going an external re-paint.
Popular rental complex.
Security cameras installed.
On bus route.
Shopping and supermarkets handy.

Property Agent

Jim Prentice

Jim Prentice

Phone: 0412 984 684
Office: 1300 282 370

Email Listing Agent

Copyrights © 2017 All Rights Reserved by Raas Group. Privacy