Management Rights - Milton, QLD

Milton, QLD

$1,332,000

Property Description

BIG PRICE REDUCTION... OWNER HAS TO SELL!!

Close Proximity To Brisbane CBD

This Management Rights business offers a very unique city living lifestyle. The current on-site Managers must sell due to a very sudden change in circumstances.

The multiplier (4x multipler) is BELOW MARKET VALUE and has 23 years to run on the agreement. Fantastic BC committee as well.

If you are one of those ever-increasing numbers of people who are now at a stage in life where you are looking for a city living lifestyle then imagine the following aspects:
- Walk to any number of coffee bistros & finest restaurants.
- Brisbane River & City views from the generous private balcony.
- City Cat Ferry and walkway/bike paths at your doorstep.

The Managers unit comprises:
- Double glazed windows
- Two large sized bedrooms master with en-suite and walk-ins
- Open plan living, dining area and well-designed gourmet kitchen
- Gigantic secured storage & two car parks

This magnificent complex offers facilities such as:
25m pool, sun decks, spa, gymnasium, BBQ pavilion garden terraces & resident common room, which is available for a private function with both kitchen and toilet facilities.

The Net income of $133,000 can easily be increased without a lot of effort if you so desire.

For your personal inspection please contact Haydn Meyer 0411441727 or haydnm@raas.com.au or Robert Collins 0404678792 or robertc@raas.com.au.
Financial Overview

Body Corp Salary:
83651
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$133,000
Manager's Unit Price:
$800,000
Management Rights Price:
$532,000
Letting Business

Est. Year Built: 2007
Total Units In Complex: 48


Inside Letting Pool

Permanent: 13
Holiday: 0
Corporate: N/A
Total: 13

Outside Letting Pool

Lock Up: N/A
Outside Agents: 5
Self Managed: 1
Owner Occpd: N/A
Total: 29

Number & Type In Letting Pool
Number Type Features
6 2 Bed Apartment 2 bath 2 car ultra modern and luxurious
8 3 Bed Apartments Plus study 2.5 bath 2 car ultra modern and luxurious
0 Bed
Tariffs

Booking Type Details
Permanent 2 bed $620 to $690 per week 3 bed $850/$1000 per week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bedrooms , 2 Bathroom
Office Reception: Exclusive Use
Office Software: REI Master
Office Hours: nil
Storage: Plenty
Office Computer: yes
Module: Accommodation
Agreement Term: 25
Years To Run: 23
Manager's Unit Description: 2 bedroom, with study, 2 bathroom spacious ground floor apartment. Top class fittings throughout. Double glazed windows and large south facing balcony one of the best in Brisbane

Facilities

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

Other Facilities: Large recreation room with kitchen and toilet.Adjacent to outside BBQ area Walk to the CBD or South bank. Magnificent river and CBD views .Extremely motivated vendor
a 4.3 multiplier on $133,000 P&L by Scott Wicks
Unit slightly below valuation.
Will not last long

Property Agent

Haydn Meyer

Phone: 0411 441 727
Office: 1300 282 370

Email Listing Agent

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