Management Rights - SOUTH TOWNSVILLE, QLD

SOUTH TOWNSVILLE, QLD

$1,565,000

Property Description

Location, Elegance and Quality

Magnificent building in the heart of the entertainment and restaurant hub of downtown South Townsville. Only 8 years old and every apartment has views of the marina and the ocean. Secure access to both the building and the car parking adds to the great feeling of the building.

Enter the foyer and be pleased by the shining tiled areas with open seating and the reception office. The four cores of the building each has a lift to whisk you to the comfort and privacy of your apartment and the massive balcony that gives you your views of the marina and channel.

Modern quality fittings, 2 bathrooms in each apartment and built in wardrobes in every bedroom.

The manager's apartment is completely separate from the office so when you are at home you are not at work. The building is not difficult to maintain in a pristine condition and the equipment is all supplied by the body corporate.

Financials:
BC Salary: $132,168
Net Profit: $225,863
Unit Price: $530,000
Business Price: $1,035,000
Total: $1,565,000

Please contact JWayne Holmes
wayneh@raas.com.au
0417 074 989
Financial Overview

Body Corp Salary:
$132,168
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$225,863
Manager's Unit Price:
$530,000
Management Rights Price:
$1,035,000
Letting Business

Est. Year Built: 2009
Total Units In Complex: 73


Inside Letting Pool

Permanent: 27
Holiday: 0
Corporate: 0
Total: 27

Outside Letting Pool

Lock Up: 0
Outside Agents: 1
Self Managed: 8
Owner Occpd: 38
Total: 46

Number & Type In Letting Pool
Number Type Features
8 2 Bed Apartment Air con all mod cons 1 car space
19 3 Bed Apartment Air Con all mod cons 2 car spaces
0 Bed
Tariffs

Booking Type Details
Permanent 2 br:$420 - $490 3 br: $500 - $930
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bedrooms , 2 Bathroom
Office Reception: exclusive use
Office Software: REIQ Master
Office Hours: As required
Storage: Ample
Office Computer:
Module:
Agreement Term: 25 years
Years To Run: 22
Manager's Unit Description: 2 bed 2 bath, modern apartment

Facilities

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

Other Facilities: Brilliant modern building with views across marina. Secure underground parking

Property Agent

Wayne Holmes

Wayne Holmes

Phone:
Office: 1300 282 370

Email Listing Agent

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