Management Rights - Wakerley, QLD

Wakerley, QLD

$2,059,500

Property Description

Bayside complexes for sale.

These complexes are in great positions and well worthy of an inspection. It is close to everything for both manager and tenants. These complexes are GV compliant P&L have been done by MR experts and unit is conservatively priced
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
123143
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$286,669
Manager's Unit Price:
$495,000
Management Rights Price:
$1,564,500
Letting Business

Est. Year Built: 2010
Total Units In Complex: 106


Inside Letting Pool

Permanent: 70
Holiday: 0
Corporate: 0
Total: 70

Outside Letting Pool

Lock Up: 0
Outside Agents: 5
Self Managed: 0
Owner Occpd: 31
Total: 36

Number & Type In Letting Pool
Number Type Features
70 3 Bed Townhouses/Villas Dishwasher, En suite, A/C, Fans,LUG,
1 Bed
1 Bed
Tariffs

Booking Type Details
Permanent $415 to $450 per week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception: On Title
Office Software: REI
Office Hours: None on Agreements
Storage: Yes
Office Computer: two
Module:
Agreement Term: 25 years
Years To Run: 21 years
Manager's Unit Description: Good sized 3 bedroom townhouse with ensuite and in a great location. Has a DLUG and a good outdoor entertainment area. Has a toilet down stairs as well Two offices on title

Facilities

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

Other Facilities: Pets would OK with B/Corp approval
This is two complexes presented as one sale less than 5 minutes apart. There is also 5 outside rentals in close proximity.
Currently run by one couple. Income done by MR expert
There are 4 only NRAS in this complex as well

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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