Management Rights - Wakerley, QLD

Wakerley, QLD

$1,950,000

Property Description

Bayside complexes for sale.

There are two complexes to this gem separated by a two minute drive that 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
In total there is 60 units across two locations providing a strong business for a new incoming manager
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au
Financial Overview

Body Corp Salary:
136296
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$279,794
Manager's Unit Price:
$495,000
Management Rights Price:
$1,455,000
Letting Business

Est. Year Built: 2010
Total Units In Complex: 102


Inside Letting Pool

Permanent: 60
Holiday: 0
Corporate: 0
Total: 60

Outside Letting Pool

Lock Up: 0
Outside Agents: 5
Self Managed: 0
Owner Occpd: 37
Total: 42

Number & Type In Letting Pool
Number Type Features
60 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: nil
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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