Management Rights - HILLCREST, QLD

HILLCREST, QLD

$1,035,000

Property Description

NEAR NEW PERMANENT RENTAL COMPLEX

THIS is a nearly new complex located in a quiet but good rental locality just 5 minutes away from the Grand Plaza Shopping Mall and supported Commercial hub.
A short walk will have you at the express bus service to Brisbane's CBD along with other suburban destinations.
With 24 and a half years to run on the Agreements plus an income that has plenty of growth left for a new Manager this could be just what you are looking for. Ideal for the first time manager or a single operator with a partner working off-site.
The landscaped gardens are easily managed with small patches of lawn throughout.
The net income figure reflects 12 months trading to end of March 2018.
THE Manager's two storey townhouse has three bedrooms, 2 bathrooms and a study upstairs while the ground floor is open plan style with a good size dining, lounge and kitchen area. The dining area opens out to a covered patio and large landscaped private backyard. There are two large storage sheds providing all your storage requirements. There is a double garage and office attached to the house plus an extra car space.

The presentation of the complex and house is a credit to the current Managers. Please contact your RAASRight Broker for more information on this home and business package.
Business $615,800. House $420,000. Total asking price of $1,035,800
Financial Overview

Body Corp Salary:
45600
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$133,000
Manager's Unit Price:
$420,000
Management Rights Price:
$615,800
Letting Business

Est. Year Built: 2015
Total Units In Complex: 38


Inside Letting Pool

Permanent: 36
Holiday: 0
Corporate: 00
Total: 36

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 2
Total: 2

Number & Type In Letting Pool
Number Type Features
36 3 Bed Townhouses AirCon, Dish washer, Ensuite, BIRobes, SLUG
Bed
Bed
Tariffs

Booking Type Details
Permanent $340 - $350 p/week
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception: Yes. On title to Manager's unit
Office Software: REIMaster
Office Hours: None specified in Agreements
Storage: Plenty
Office Computer: Yes
Module: Accommodation
Agreement Term: 25 Years
Years To Run: 24.5 years
Manager's Unit Description: Three bedroom two storey townhouse with study nook and office, 2 bathrooms, built-in robes, air conditioned and double lock-up garage. Lovely big backyard area with two large storage sheds.

Facilities

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

Other Facilities: Low maintenance grounds with small areas of lawn.
Can be run satisfactorily by one operator.
Good rental enquiry location.
Express bus to City nearby.

Property Agent

Jim Prentice

Jim Prentice

Phone: 0412 984 684
Office: 1300 282 370

Email Listing Agent

Copyrights © 2017 All Rights Reserved by Raas Group. Privacy