Management Rights - NUDGEE, QLD

NUDGEE, QLD

$1,095,000

Property Description

Beautiful four year old complex

All the hard work has been done
This is the ideal combination of a permanent townhouse complex blend that is currently being sought out in todays market. The 88 town-homes feature a three bedroom, two bath and two car parks and are a popular request among buyers looking to rent in the area.
The developers consistently produce quality homes, in good locations and have a good reputation for quality.

The Managers Unit is a beautiful villa with three bedrooms, two bathrooms, a manager's Office and two car spaces. The home boasts of an open plan kitchen with contemporary stone counters and stainless appliances. The office has a separate entry ensuring privacy at home.

Complex Facilities:
The complex itself offers resort quality recreation facilities including a swimming pool and residents' cabana with barbecue entertaining areas.

Location:
The Complex is just 12km to the Brisbane CBD, 4km to the Brisbane International Airport, 3km to Nudgee Beach and for easy commuting, Nudgee train station is just a 900m walk. The complex is well positioned for future capital growth.
A choice of schools and shopping centres are also on your doorstep including Banyo Village (1km), Australian Catholic University (1km), Earnshaw State College (1.5km) and Nudgee College (3km).

Please contact Exclusive Agent Robert Collins on 0404678792 ot robertc@raas.com.au
Financial Overview

Body Corp Salary:
92526
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$125,000
Manager's Unit Price:
$535,000
Management Rights Price:
$560,000
Letting Business

Est. Year Built: 2015
Total Units In Complex: 88


Inside Letting Pool

Permanent: 20
Holiday: 0
Corporate: 0
Total: 20

Outside Letting Pool

Lock Up: 0
Outside Agents: 18
Self Managed: 0
Owner Occpd: 50
Total: 68

Number & Type In Letting Pool
Number Type Features
20 3 Bed Townhouse 2 bath air con 1 garage 1 carport all modern appliances
0 Bed
0 Bed
Tariffs

Booking Type Details
Permanent 450 to 470 per week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception: On Title
Office Software: REI Master
Office Hours: nil
Storage: Plenty
Office Computer: one
Module: Accommodation
Agreement Term: 25
Years To Run: 21
Manager's Unit Description: Beautiful villa with 3 Bedrooms, 2 Toilets and Baths, A double lock-up garage and a manager's office. Modern and contemporary design with stone counters and stainless appliances.

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: Pets are subject to Body Corporate Approval
Managers wish to move on have been here for 4 years
P&L done by Archer Gowland and shows $125,000 profit but since then there has been an additional rental and BC Salary increase.Vendor wishes to have the figure left as is so there is no issues. Valuation has also been done by bank.
This is a beautiful complex easy to run . About 1.5 days work per week in summer in the gardens for one person

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

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